ACCOUNTS - Final Accounts preparation

KANTOS GROUP LIMITED - Company Information

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Registered number: 12022969

Kantos Limited

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2020

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 2020

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 2020 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

29 September 2021

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Kantos Limited

Registered number: 12022969

Balance sheet

As at 31 December 2020

		2020		2019
Note		£		£

Fixed assets
Investments	4		366,740		366,740
			366,740		366,740
Current assets
Debtors: amounts falling due within one year	5	213,301		51
		213,301		51
Creditors: amounts falling due within one year	6	(2,250)		(42,000)
Net current assets/(liabilities)			211,051		(41,949)
Total assets less current liabilities			577,791		324,791

Net assets			577,791		324,791

Capital and reserves
Called up share capital	51	51
Profit and loss account	577,740	324,740
	577,791	324,791

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 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 29 September 2021.

Mr Sebo Dapper

Director

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

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Kantos Limited

Notes to the financial statements

For the year ended 31 December 2020

1.	General information

Kantos 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 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

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

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

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 (2019 - 1).

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Kantos Limited

Notes to the financial statements

For the year ended 31 December 2020

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2020	366,740
	At 31 December 2020	366,740

Debtors

					2020	2019
					£	£


Amounts owed by group undertakings	213,250	-
Other debtors	51	51
	213,301	51

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Other creditors	2,250	42,000
	2,250	42,000

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

8.	Controlling party

Mr Sebo Dapper owns 100% of the ordinary share capital in Kantos Limited.

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