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CARDO CONSTRUCTION COMPANY LIMITED - Company Information

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Cardo Construction Company Limited

Registered Number:02162832

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2017

Cardo Construction Company Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2017

Cardo Construction Company Limited

Abridged Statement of Financial Position

Registered Number :

02162832

2016

2017

Notes

Fixed assets

Property, plant and equipment

1,147

1,274

Financial assets

39,168

40,315

40,442

Current assets

Trade and other receivables

1,568,808

1,578,750

1,568,808

Trade and other payables: amounts falling due within one

year

(605,681)

(633,933)

963,127

944,817

Net current assets

Total assets less current liabilities

985,132

1,003,569

Trade and other payables: amounts falling due after more

than one year

(138,216)

846,916

Net assets

865,353

Capital and reserves

Called up share capital

Retained earnings

846,818

865,255

846,916

865,353

Shareholders' funds

For the year ended 31 March 2017 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 of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of

Financial Position for the year ended 31 March 2017 in accordance with Section 444 (2A) of the Companies Act 2006.

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

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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For the year ended 31 March 2017

Cardo Construction Company Limited

Abridged Statement of Financial Position Continued

Mr ANTHONY MAX VAUGHAN READ Director

These financial statements were approved and authorised for issue by the Board on 27 November 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2017

Cardo Construction Company Limited

Notes to the Financial Statements

Statutory Information

Cardo Construction Company Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 02162832.

Principal place of business:

Higher Woodhayne Farm

Bishopswood

Chard

Somerset

TA20 3SD

Registered address:

West Walk House

99 Princess Road East

Leicester

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover represents rents receivable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Investment property

In accordance with Statement of Standard Accounting Practice No. 19, investment properties are revalued annually by a professional surveyor and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation is provided in respect of investment properties. The Companies Act 1985 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in Statement of Standard Accounting Practice No. 19. The director considers that, as these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to adopt Statement of Standard Accounting Practice No. 19 in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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For the year ended 31 March 2017

Cardo Construction Company Limited

Notes to the Financial Statements Continued

2. Fixed assets

Property, plant

and

equipment

Investments

Total

Cost or valuation

At 01 April 2016

41,326

2,158

39,168

At 31 March 2017

41,326

2,158

39,168

Provision for depreciation,

amortisation and impairment

At 01 April 2016

884

127

Charge for year

At 31 March 2017

1,011

Net book value

At 31 March 2017

40,315

1,147

39,168

At 31 March 2016

40,442

1,274

39,168

3. Trade and other receivables

Group UndertakingsTourdell Properties Ltd £88,100 (2016 £88,100)Collina Builders Ltd £340,796 (2016 £340,796)Crescent Holdings Ltd £490,434 (2016 £387,577)Emcastle Ltd £8,181 (2016 £8,181)Pendine Builders Ltd £217,308 (2016 £217,308)Cardo Properties Ltd £147,255 (2016 £253,164)Annunciation Ltd. £36,786 (2016 £19,555)Total £1,328,860 (2016 £1,341,681) All of the above companies, including Cardo Construction Company Ltd, are members of the Annunciation Ltd Group. Associated Company loans3 Acorns Investments (2005) Limited £50,000 (2016 £50,000)Energyshare Limited £183,000 (2016 £183,000)Majorfactor Limited £15,000 (2016 £15,000)Total £248,000 (2016 £248,000) The above companies are associated by way of common directors and shareholders. The loans are interest free and repayable upon demand.

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For the year ended 31 March 2017

Cardo Construction Company Limited

Notes to the Financial Statements Continued

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft (secured)

480,863

463,441

Bank loans and overdraft

9,127

Trade creditors

164

281

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

141,959

Other creditors

1,820

633,933

605,681

Group UndertakingsCindra Buildings Ltd £115,459 (2016 £115,459) The above company is a member of the Annunciation Ltd Group. Associated company loanWebneed Limited £26,500 (2016 £26,500) The above company is associated by way of common directors and shareholders. The loan are interest free and repayable upon demand.

5. Trade and other payables: amounts falling due after more than one year

2016

2017

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

138,216

Associated company loan Amounts repayable by instalments: Within five years £138,216 (2016 £138,216) After five years Nil (2016 Nil) Total £138,216 (2016 £138,216) The associated company loan is from Buildstrong Ltd, a dormant company in which Mr A M Vaughan Read was associated.

6. Related party transactions

The Ultimate Controlling Party is the Vaughan Read family, UK residents.

Cardo Construction Company Limited is a wholly owned subsidiary of Annunciation Limited. Mr A M Vaughan Read

and his family have a controlling interest in Annunciation Limited.

7. Parent-subsidary relationship

Cardo Construction Company Limited is a wholly owned subsidiary of Annunciation Limited, whose registered office is West Walk House, 99 Princess Road East, Leicester, LE1 7LF.

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