Caseware UK (AP4) 2023.0.135 2023.0.135 falsefalsefalse2023-01-01No description of principal activity21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12022969 2023-01-01 2023-12-31 12022969 2022-01-01 2022-12-31 12022969 2023-12-31 12022969 2022-12-31 12022969 c:Director1 2023-01-01 2023-12-31 12022969 d:CurrentFinancialInstruments 2023-12-31 12022969 d:CurrentFinancialInstruments 2022-12-31 12022969 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12022969 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12022969 d:ShareCapital 2023-12-31 12022969 d:ShareCapital 2022-12-31 12022969 d:RetainedEarningsAccumulatedLosses 2023-12-31 12022969 d:RetainedEarningsAccumulatedLosses 2022-12-31 12022969 c:FRS102 2023-01-01 2023-12-31 12022969 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12022969 c:FullAccounts 2023-01-01 2023-12-31 12022969 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12022969 6 2023-01-01 2023-12-31 12022969 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12022969










Kantos Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023





 
Kantos Group Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Kantos Group Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kantos Group Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Kantos Group Limited, as a body, in accordance with the terms of our engagement letter dated 3 November 2022Our work has been undertaken solely to prepare for your approval the financial statements of Kantos Group Limited and state those matters that we have agreed to state to the Board of directors of Kantos Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kantos Group Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Kantos Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kantos Group Limited. You consider that Kantos Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Kantos Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
24 September 2024
Page 1

 
Kantos Group Limited
Registered number: 12022969

Balance sheet
As at 31 December 2023

2023
2022
£
£

Fixed assets
  

Investments
 4 
400,225
366,740

  
400,225
366,740

Current assets
  

Debtors: amounts falling due within one year
 5 
1,166,243
913,301

Cash at bank and in hand
  
16,872
-

  
1,183,115
913,301

Creditors: amounts falling due within one year
 6 
(70,790)
(49,250)

Net current assets
  
 
 
1,112,325
 
 
864,051

Total assets less current liabilities
  
1,512,550
1,230,791

  

Net assets
  
1,512,550
1,230,791


Capital and reserves
  

Called up share capital 
  
51
51

Profit and loss account
  
1,512,499
1,230,740

  
1,512,550
1,230,791


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.




Mr Sebo Dapper
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
Kantos Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Kantos Group Limited is a private limited company, incorporated on 29 May 2019, limited by shares and registered in England and Wales with the registration number 12022969. The registered office is Northdown Business Park Ashford Road, Lenham, Maidstone, Kent, England, ME17 2DL.
The accounts are presented in pound sterling and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 3

 
Kantos Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 4

 
Kantos Group Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
366,740


Additions
33,485



At 31 December 2023
400,225





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,166,192
913,250

Other debtors
51
51

1,166,243
913,301



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
20,000
-

Other creditors
49,350
49,250

Accruals and deferred income
1,440
-

70,790
49,250



7.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


8.


Related party transactions

All related party transactions during the current period were made under normal market conditions.


9.


Controlling party

Mr Sebo Dapper owns 100% of the ordinary share capital in Kantos Group Limited (formerly Kantos Limited).

Page 5