Cathay Investments 5 Limited
Registered number: 13010369
Balance Sheet
As at 31 December 2022
For the year ended 31 December 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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 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 22 September 2023.
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K Johnson
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
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Cathay Investments 5 Limited
Notes to the Financial Statements
For the Year Ended 31 December 2022
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
43 Friends Road
Croydon
United Kingdom
CR0 1ED
2.Accounting policies
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Summary of significant accounting policies and key accounting estimates
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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Basis of preparation of financial statements
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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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
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Amounts owed by group undertakings
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Page 2
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Cathay Investments 5 Limited
Notes to the Financial Statements
For the Year Ended 31 December 2022
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Allotted, called up and fully paid
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100 (2021 - 100) Ordinary shares of £1 each
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The total amount of contingencies not included in the balance sheet is £24,193,504 (2021: £27,407,359). The company's and the group's banking facilities are secured by a fixed and floating charge over the assets and undertaking of the company and by a cross guarantee between all group companies.
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Related party transactions
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Summary of transactions with other related parties
The company has taken advantage of the exemption in Section 1A of FRS 102 from disclosing transactions with other members of the group.
Cathay Investments Limited
(Group company)
The company has given cross guarantees in respect of borrowings by Cathay Investments Limited and certain of its subsidiaries. The total amount of contingencies not included in the balance sheet is £16,610,969 (2021: £19,785,245).
Cathay Investments 2 Limited
(Group company)
The company has given cross guarantees in respect of borrowings by Cathay Investments 2 Limited and certain of its subsidiaries. The total amount of contingencies not included in the balance sheet is £7,582,535 (2021: £7,622,113).
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The company's parent undertaking is Chaing Equities Limited, incorporated in England and Wales.
The most senior parent entity producing publicly available financial statements is Chaing Equities Limited. These financial statements are available upon request from 43 Friends Road, Croydon, United Kingdom, CR0 1ED.
The ultimate controlling party is B Chaing and members of his close family, who control, directly or indirectly, 100% of the share capital in Chaing Equities Limited.
Page 3
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