ACCOUNTS - Final Accounts preparation

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Registered number: 10955081

Kantos Limited

(formerly Kantos Group Limited)

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2021

Kantos Limited

Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Kantos Limited for the year ended 31 December 2021

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 Limited for the year ended 31 December 2021 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 director of Kantos Limited in accordance with the terms of our engagement letter dated 19 August 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Kantos Limited and state those matters that we have agreed to state to the director of Kantos Limited 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 Limited and its director for our work or for this report.

It is your duty to ensure that Kantos 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 Limited. You consider that Kantos 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 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

26 September 2022

Page 1

Kantos Limited

Registered number: 10955081

Balance sheet

As at 31 December 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		33,205		33,205
			33,205		33,205
Current assets
Cash at bank and in hand	5	100		100
		100		100
Creditors: amounts falling due within one year	6	(25)		(25)
Net current assets			75		75
Total assets less current liabilities			33,280		33,280

Net assets			33,280		33,280

Capital and reserves
Called up share capital	100	100
Profit and loss account	33,180	33,180
	33,280	33,280

The director considers 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 director acknowledges his 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 profit and loss account 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 26 September 2022.

Mr S Dapper

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

Kantos Limited

Notes to the financial statements

For the year ended 31 December 2021

1.	General information

Kantos Limited is a private limited company, incorporated on 11 September 2017, limited by shares, domiciled in England and Wales, registration number 10955081. The registered office is Northdown Business Park, Ashford Road, Lenham, Kent, ME17 2DL.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

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.

2.4

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.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 3

Kantos Limited

Notes to the financial statements

For the year ended 31 December 2021

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2021	33,205
	At 31 December 2021	33,205

5.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	100	100
	100	100

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other creditors	25	25
	25	25

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

8.	Controlling party

Kantos Group Limited 12022969 (formerly Kantos Limited) owns 100% of the ordinary share capital in Kantos Limited (formerly Kantos Group Limited).

Page 4