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REGISTERED NUMBER: 02712189 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CANTAY GROUP LIMITED

CANTAY GROUP LIMITED (REGISTERED NUMBER: 02712189)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CANTAY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: E J S Gadsden
A M Nolan
S Gadsden





SECRETARY: C Gadsden





REGISTERED OFFICE: Hawridge Place
Hawridge
Chesham
Buckinghamshire
HP5 2UG





REGISTERED NUMBER: 02712189 (England and Wales)





AUDITORS: EV Accountants Limited
Chartered Accountants & Statutory Auditors
Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ

CANTAY GROUP LIMITED (REGISTERED NUMBER: 02712189)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 687,311 687,311

CURRENT ASSETS
Debtors 5 5,480,799 5,480,799

CREDITORS
Amounts falling due within one year 6 (2,002,916 ) (2,002,916 )
NET CURRENT ASSETS 3,477,883 3,477,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,165,194

4,165,194

CAPITAL AND RESERVES
Called up share capital 7 1,106,868 1,106,868
Retained earnings 8 3,058,326 3,058,326
SHAREHOLDERS' FUNDS 4,165,194 4,165,194

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





A M Nolan - Director


CANTAY GROUP LIMITED (REGISTERED NUMBER: 02712189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Cantay Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern
The financial statements have been prepared on a going concern basis as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CANTAY GROUP LIMITED (REGISTERED NUMBER: 02712189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 687,311
NET BOOK VALUE
At 31 December 2022 687,311
At 31 December 2021 687,311

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


Cantay Investments Limited
Registered office: Hawridge Place, Hawridge, Chesham, Buckinghamshire, HP5 2UG
Nature of business: Holding and management of property
%
Class of shares: holding
Ordinary 100.00
2022 2021
£    £   
Aggregate capital and reserves 1,966,785 1,972,692
Loss for the year (5,907 ) (6,132 )

Cantay Estates Limited
Registered office: Hawridge Place, Hawridge, Chesham, Buckinghamshire, HP5 2UG
Nature of business: Property developers
%
Class of shares: holding
Ordinary 100.00
2022 2021
£    £   
Aggregate capital and reserves 20,511,869 19,019,258
Profit for the year 1,492,611 2,545,624

Blackridge Estates Limited
Registered office: Unit 201, Second Floor, Metroline House, 118-122 College Road, Harrow, Middlesex, HA1 1BQ
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2022 2021
£    £   
Aggregate capital and reserves 424,343 424,669
(Loss)/profit for the year (326 ) 252,436

CANTAY GROUP LIMITED (REGISTERED NUMBER: 02712189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. FIXED ASSET INVESTMENTS - continued

19 BTR Limited
Registered office: Hawridge Place, Hawridge, Chesham, Buckinghamshire, HP5 2UG
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
2022 2021
£    £   
Aggregate capital and reserves 1,258 (3,693 )
Profit/(loss) for the year 4,951 (2,435 )

Blackridge Commercial Limited
Registered office: Unit 201, Second Floor, Metroline House, 118-122 College Road, Harrow, Middlesex, HA1 1BQ
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2022 2021
£    £   
Aggregate capital and reserves 53,544 2,985
Profit for the year 50,559 2,885

Raypat Limited
Registered office: Unit 201, Second Floor, Metroline House, 118-122 College Road, Harrow, Middlesex, HA1 1BQ
Nature of business: Property rental
%
Class of shares: holding
Ordinary 1 GBP 100.00
2022 2021
£    £   
Aggregate capital and reserves 1,178,417 1,144,430
Profit for the year 33,987 32,531

The group acquired 100% shareholding in Raypat Limited on 28 January 2021.

Under the provisions of section 398 of the Companies Act 2006, the company is exempt from preparing consolidated accounts and has not done so. Therefore the accounts show information about the company as an individual entity.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 5,480,799 5,480,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 2,002,916 2,002,916

CANTAY GROUP LIMITED (REGISTERED NUMBER: 02712189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
553,434 Ordinary A £1 553,434 553,434
553,434 Ordinary B £1 553,434 553,434
1,106,868 1,106,868

8. RESERVES
Retained
earnings
£   

At 1 January 2022 3,058,326
Profit for the year -
At 31 December 2022 3,058,326

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Binoy Mistry BA FCA (Senior Statutory Auditor)
for and on behalf of EV Accountants Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is W.E.Black Limited, whose registered office is Hawridge Place, Hawridge Common, Hawridge, Chesham, Buckinghamshire, HP5 2ZD.

Cantay Group Limited is the parent company of a small group comprising Cantay Investments Limited, Cantay Estates Limited, Blackridge Estates Limited and Blackridge Commercial Limited. Cantay Group Limited has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts. Cantay Group Limited and its subsidiaries are included in the consolidated accounts of W.E.Black Limited. The consolidated accounts of W.E.Black Limited can be obtained from its registered office.

The ultimate controlling party is E J S Gadsden, who is a director and majority shareholder of W.E.Black Limited.