Company No: 02669246 (England and Wales)

Contents

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

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

02669246 (England and Wales)

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

	Note	2025		2024
		£		£
Fixed assets
Investments	3	210,004		295,006
		210,004		295,006
Current assets
Cash at bank and in hand		173,536		12,024
		173,536		12,024
Creditors: amounts falling due within one year	4	( 42,880)		( 46,000)
Net current assets/(liabilities)		130,656		(33,976)
Total assets less current liabilities		340,660		261,030
Net assets		340,660		261,030
Capital and reserves
Called-up share capital	5	1,000		1,000
Profit and loss account		339,660		260,030
Total shareholder's funds		340,660		261,030

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 member has 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cardinal Estates Limited (registered number: 02669246) 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

The Company is a private company, limited by shares, incorporated and domiciled in England & 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 continued to be that of investment in investment property companies.

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 £.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Dividends

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.

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, excluding directors	0		0

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 July 2024	295,006
Revaluation	(85,002)
At 30 June 2025	210,004
Carrying value at 30 June 2025	210,004
Carrying value at 30 June 2024	295,006

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	40,000		40,000
Accruals	2,880		6,000
	42,880		46,000

5. Called-up share capital

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

6. Financial commitments

Dividends

	2025		2024
	£		£
Interim dividends paid on equity capital	1,420,000		0

7. Ultimate controlling party

The company regards Cardinal Group Limited as its immediate and 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