Cardest Limited
Cardest Limited
Registered number: 10884539
Financial Statements
For The Year Ended
31 October 2022
Cardest Limited
Financial Statements
For The Year Ended
31 October 2022
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Cardest Limited
Balance Sheet
As At
31 October 2022
Balance Sheet
Registered number:
10884539
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (52,783) | (67,329) | |||
Page 1
Page 2
Cardest Limited
Balance Sheet (continued)
As At
31 October 2022
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Cardest Limited
Notes to the Financial Statements
For The Year Ended
31 October 2022
Notes to the Financial Statements
1.
General Information
Cardest Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
10884539
. The registered office is 36 Swan Court, Chelsea Manor Street, London, SW3 5RT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rent receivable.
2.3.
Investment Properties
In accordance with FRS102 as applied for Smaller Entities by Section 1A of the standard, investment properties are held under the revaluation model, whereby revaluations are undertaken regularly to ensure that the carrying amount does not materially differ from the fair value at the end of the period. Any aggregate surplus or temporary deficit from the original cost is cumulated within equity in the revaluation reserve and also reflected in other comprehensive income. Any impairment in the value of an investment property from original cost is taken to the profit and loss account for the year. On realisation any gain or loss is calculated by reference to the carrying value at the last balance sheet date and is included in the profit and loss account. Any balance in the revaluation reserve is transferred to the profit and loss account reserve. No depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years unexpired. FRS 102 requires all properties to be depreciated, however the residual value of such investment properties is considered not to be materially different from that of the carrying value and therefore depreciation is not required.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
4.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at
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| Additions | 15,453 |
| As at
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| Net Book Value | |
| As at
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| As at
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The investment properties are secured against the bank borrowings of Cardigan Estate Limited, a company under common control.
5.
Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Other debtors |
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Page 3
Page 4
Cardest Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2022
6.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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| Accruals and deferred income |
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7.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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8.
Ultimate Controlling Party
The company considers Brimlin Limited as its parent undertaking.
Page 4