Company No: 02089233 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	A L Martin Smith (Appointed 25 January 2025)
	L G Marks (Appointed 01 July 2024)
	R G Williams (Resigned 25 January 2025)

Secretary

H G Williams

Registered office	2nd Floor
	168 Shoreditch High Street
	E1 6RA
	London
	United Kingdom

Company number

02089233 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,746		3,489
Investments	4	272		272
		3,018		3,761
Current assets
Debtors	5	82,205		93,552
Cash at bank and in hand		152,249		135,875
		234,454		229,427
Creditors: amounts falling due within one year	6	( 28,196)		( 27,803)
Net current assets		206,258		201,624
Total assets less current liabilities		209,276		205,385
Net assets		209,276		205,385
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		208,276		204,385
Total shareholders' funds		209,276		205,385

For the financial year ending 30 June 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cardinal Securities Limited (registered number: 02089233) were approved and authorised for issue by the Board of Directors on 03 June 2026. They were signed on its behalf by:

L G Marks Director

1. Accounting policies

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.

General information and basis of accounting

Cardinal Securities Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, 168 Shoreditch High Street, E1 6RA, London, United Kingdom. The principal place of business is 95 Dorset House, Gloucester Place, London, NW1 5AF. The principal activity of the company continued to be that of property advisory services.

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 £.

Turnover

Turnover comprises fees receivable recognised by the company in respect of management services supplied, excluding discounts, rebates value added tax and other sales taxes.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		4

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Total
	£		£		£
Cost
At 01 July 2024	3,798		3,252		7,050
At 30 June 2025	3,798		3,252		7,050
Accumulated depreciation
At 01 July 2024	1,213		2,348		3,561
Charge for the financial year	517		226		743
At 30 June 2025	1,730		2,574		4,304
Net book value
At 30 June 2025	2,068		678		2,746
At 30 June 2024	2,585		904		3,489

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 July 2024	272
At 30 June 2025	272
Carrying value at 30 June 2025	272
Carrying value at 30 June 2024	272

5. Debtors

	2025		2024
	£		£
Trade debtors	0		3,000
Amounts owed by Group undertakings	75,000		75,000
Prepayments	0		8,348
Other debtors	7,205		7,204
	82,205		93,552

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	429		300
Amounts owed to directors	3,113		0
Accruals	10,057		11,040
Other taxation and social security	13,626		15,594
Other creditors	971		869
	28,196		27,803

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

8. Transactions with directors

The company has the following transactions with its directors:

The company paid expenses of £103,817 (2024: £129,061) on behalf of R G Williams. During the year R G Williams made repayments of £103,817 (2024: £180,152). At the year end, the company was owed £7,204 (2024: £7,204). This balance has been repaid since the year end. This balance is included within 'Debtors: Other debtors'. No interest is charged on this balance.

9. Ultimate controlling party

The company regards Cardinal Estates Limited as its immediate parent company and Cardinal Group Limited as its ultimate parent company.

The company considers its ultimate control relationship to be the directors of Cardinal Group Limited.

All companies mentioned above are registered in England and Wales.