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REGISTERED NUMBER: 00721663 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Compton Property Management Limited

Compton Property Management Limited (Registered number: 00721663)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Compton Property Management Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr P Ballard
Mrs S R Ballard



SECRETARY: Mrs S R Ballard



REGISTERED OFFICE: 45/51, Wychtree Street
Morriston
Swansea
SA6 8EX



REGISTERED NUMBER: 00721663 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Dylan Jones



AUDITORS: Cambrian & Co Ltd
Chartered Accountants & Statutory Auditors
13a Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Compton Property Management Limited (Registered number: 00721663)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,288 82,697

CURRENT ASSETS
Debtors 5 2,952,487 2,793,193
Cash at bank 15,052 16,096
2,967,539 2,809,289
CREDITORS
Amounts falling due within one year 6 190,164 71,951
NET CURRENT ASSETS 2,777,375 2,737,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,840,663

2,820,035

PROVISIONS FOR LIABILITIES 4,034 4,786
NET ASSETS 2,836,629 2,815,249

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 2,831,629 2,810,249
SHAREHOLDERS' FUNDS 2,836,629 2,815,249

Compton Property Management Limited (Registered number: 00721663)

Balance Sheet - continued
31 October 2023


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 9 July 2024 and were signed on its behalf by:





Mr P Ballard - Director


Compton Property Management Limited (Registered number: 00721663)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Compton Property Management 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Compton Property Management Limited (Registered number: 00721663)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 58,305 333,195 391,500
Additions 159 16,948 17,107
At 31 October 2023 58,464 350,143 408,607
DEPRECIATION
At 1 November 2022 40,262 268,541 308,803
Charge for year 6,257 30,259 36,516
At 31 October 2023 46,519 298,800 345,319
NET BOOK VALUE
At 31 October 2023 11,945 51,343 63,288
At 31 October 2022 18,043 64,654 82,697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors - 4,249
Accrued management fee 2,617 45,266
Amounts due from related companies 2,941,445 2,732,832
Prepayments 8,425 10,846
2,952,487 2,793,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors - 3,367
Tax (5,910 ) (5,910 )
Social security and other taxes 5,404 6,275
VAT 22,113 27,158
Other creditors 6,131 19,150
Accruals and deferred income 143,898 -
Accrued expenses 18,528 21,911
190,164 71,951

Compton Property Management Limited (Registered number: 00721663)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dylan Jones (Senior Statutory Auditor)
for and on behalf of Cambrian & Co Ltd

8. RELATED PARTY DISCLOSURES

Debtors include an amount of £2,941,445 (2022 £2,732,832) due from associated company Tapestart Ltd.
Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies under the same common control.

9. ULTIMATE CONTROLLING PARTY

Through its parent company Compton Developments Ltd, the directors do not consider there to be a single controlling party.