REGISTERED NUMBER: 12991513 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

M. CARDIGAN DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Y E Omenai

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

12991513 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

-

-

Investments

5

2

2

2

2

Current assets

Debtors

6

1,661,307

1,657,161

Cash at bank

466

7,696

1,661,773

1,664,857

Creditors

Amounts falling due within one year

7

(1,787,039

)

(1,778,035

)

Net current liabilities

(125,266

)

(113,178

)

Total assets less current liabilities

(125,264

)

(113,176

)

Capital and reserves

Called up share capital

8

10

10

Retained earnings

(125,274

)

(113,186

)

Shareholders' funds

(125,264

)

(113,176

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2026 and were signed by:

Y E Omenai - Director

1.	Statutory information

M Cardigan Developments Limited (''the company'') is a private company, limited by shares, registered in England and Wales. The company's registered office address is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.

The financial statements are prepared in Sterling (£), which is the presentational currency of the company. The financial statements are for the year ended 30 November 2025 (2024: for the year ended 30 November 2024).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Exemption from preparing consolidated financial statements

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.

Going concern

At the balance sheet date, the company had net liabilities of £125,264 and a deficit on shareholder's funds of the same amount. The director has reviewed the position and is comfortable the company will be able to continue to operate within 12 months from the date of signing these financial statements.

On that basis, the director has prepared these financial statements on a going concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.

Employees

There were no employees other than the director during the year, who received no remuneration.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 December 2024

and 30 November 2025

3,072

Depreciation

At 1 December 2024

and 30 November 2025

3,072

Net book value

At 30 November 2025

-

At 30 November 2024

-

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 December 2024

and 30 November 2025

2

Net book value

At 30 November 2025

2

At 30 November 2024

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Attollo Homes Limited

Registered office: 3rd Floor, 86 - 90 Paul Street, London, EC2A 4NE

%

Class of shares

Holding

Ordinary

100.00

Kedari Homes Ltd

Registered office: 3rd Floor, 86 - 90 Paul Street, London, EC2A 4NE

%

Class of shares

Holding

Ordinary

100.00

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

1,656,935

1,656,935

Other debtors

4,372

226

1,661,307

1,657,161

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Other creditors

1,787,039

1,778,035

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

Value:

£

£

5

Ordinary

£1

5

5

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

10

10

The Ordinary A, Ordinary B, Ordinary C and Ordinary D, Ordinary E shares rank pari passu. The shares carry full voting rights, rights to dividends and other distributions.

9.	Related party disclosures

M.Cardigan Developments Limited has taken advantage of the exemption in accordance with FRS102 s33.1A not to disclose transactions with its wholly owned subsidiaries.

At the balance sheet date, included within other creditors is an amount of £1,784,040 (2024: £1,775,034) due to the director of the company. The amounts are interest-free, unsecured and repayable on demand.

10.	Ultimate controlling party

The immediate parent company is Yomal Holdings Limited, a company registered in England and Wales. The ultimate controlling party is Yuki Omenai.