REGISTERED NUMBER: 02712189 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CANTAY GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E J S Gadsden

A M Nolan

S Gadsden

SECRETARY:

C Gadsden

REGISTERED OFFICE:

Banquets House

285a Banbury Road

Oxford

OX2 7JF

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

FIXED ASSETS

Investments

4

687,411

687,411

CURRENT ASSETS

Debtors

5

5,480,799

5,480,799

CREDITORS

Amounts falling due within one year

6

2,003,016

2,003,016

NET CURRENT ASSETS

3,477,783

3,477,783

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 30 September 2025 and were signed on its behalf by:

A M Nolan - Director

S Gadsden - Director

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.

Preparation of consolidated financial statements

The financial statements contain information about Cantay Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its ultimate parent company, W.E.Black Limited, whose registered office is Hawridge Place, Hawridge Common, Hawridge, Chesham, Buckinghamshire, HP5 2ZD.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

687,411

NET BOOK VALUE

At 31 December 2024

687,411

At 31 December 2023

687,411

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

Cantay Investments Limited

Registered office: Banquets House, 285a Banbury Road, Oxford, OX2 7JF

Nature of business: Holding and management of property

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

1,955,326

1,960,016

Loss for the year

(4,690

)

(6,769

)

Cantay Estates Limited

Registered office: Banquets House, 285a Banbury Road, Oxford, OX2 7JF

Nature of business: Property developers

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

16,441,649

20,364,697

Loss for the year

(3,923,048

)

(147,172

)

Blackridge Estates Limited

Registered office: Banquets House, 285a Banbury Road, Oxford, OX2 7JF

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

636,580

502,688

Profit for the year

133,892

78,345

19 BTR Limited

Registered office: Unit 2.02 High Weald House, Glovers End, Bexhill, East Sussex, TN39 5ES

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

(22,345

)

(9,792

)

Loss for the year

(12,553

)

(11,050

)

Blackridge Commercial Limited

Registered office: Banquets House, 285a Banbury Road, Oxford, OX2 7JF

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

157,317

96,533

Profit for the year

60,784

42,989

Raypat Limited

Registered office: Banquets House, 285a Banbury Road, Oxford, OX2 7JF

Nature of business: Property rental

%

Class of shares:

holding

Ordinary 1 GBP

100.00

2024

2023

£

£

Aggregate capital and reserves

1,235,465

1,210,614

Profit for the year

24,851

32,197

Blackridge Estates 2 Limited

Registered office: Banquets House, 285a Banbury Road, Oxford, OX2 7JF

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

105,320

(1,609

)

Profit/(loss) for the year

106,929

(1,709

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

5,480,799

5,480,799

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

2,003,016

2,003,016

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

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 2024

3,058,326

Profit for the year

-

At 31 December 2024

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

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, Blackridge Commercial Limited and Blackridge Estates 2 Limited. Cantay Group Limited has taken advantage of the exemption provided by section 400 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.