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REGISTERED NUMBER: 13249505 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COMPTON RE DISPOSALS LIMITED

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPTON RE DISPOSALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S A Simons
Mr M P Raibin
Mr E A Stern





REGISTERED OFFICE: 47 St John's Square
Clerkenwell
London
EC1V 4JJ





REGISTERED NUMBER: 13249505 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 204,090 250,054
Investments 5 100 100
204,190 250,154

CURRENT ASSETS
Debtors 6 3,284,122 3,138,442
Cash at bank 1,135,892 578,968
4,420,014 3,717,410
CREDITORS
Amounts falling due within one year 7 (1,321,013 ) (1,717,778 )
NET CURRENT ASSETS 3,099,001 1,999,632
TOTAL ASSETS LESS CURRENT LIABILITIES 3,303,191 2,249,786

PROVISIONS FOR LIABILITIES 9 (33,776 ) (34,119 )
NET ASSETS 3,269,415 2,215,667

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,269,315 2,215,567
SHAREHOLDERS' FUNDS 3,269,415 2,215,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

BALANCE SHEET - continued
31 DECEMBER 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 August 2024 and were signed on its behalf by:





Mr M P Raibin - Director


COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Compton RE Disposals 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.

Preparation of consolidated financial statements
The financial statements contain information about Compton RE Disposals Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Short leasehold - evenly over the period of the lease
Improvements to property - evenly over the period of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 18,294 67,257 215,609 69,045 370,205
Additions - - 4,420 5,528 9,948
At 31 December 2023 18,294 67,257 220,029 74,573 380,153
DEPRECIATION
At 1 January 2023 3,201 11,770 78,538 26,642 120,151
Charge for year 1,830 6,726 35,373 11,983 55,912
At 31 December 2023 5,031 18,496 113,911 38,625 176,063
NET BOOK VALUE
At 31 December 2023 13,263 48,761 106,118 35,948 204,090
At 31 December 2022 15,093 55,487 137,071 42,403 250,054

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

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

Compton Restaurants Limited
Registered office: 47 St John's Square, Clerkenwell, London, EC1V 4JJ
Nature of business: Restaurant
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 671,737 500,907
Amounts owed by related parties 2,538,598 2,590,535
Other debtors 73,787 47,000
3,284,122 3,138,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 87,802 152,565
Amounts owed to related parties 152,250 181,561
Taxation and social security 562,888 505,937
Other creditors 518,073 877,715
1,321,013 1,717,778

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 125,000 125,000
Between one and five years 500,000 500,000
In more than five years 250,661 398,276
875,661 1,023,276

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 33,776 34,119

Deferred
tax
£   
Balance at 1 January 2023 34,119
Provided during year (343 )
Balance at 31 December 2023 33,776

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the employees and the directors. Amounts charged to the income statement were £133.166 (£153,072:2022). There were outstanding contributions of £2,944 (£2,493: £2022) at the balance sheet date.

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. RELATED PARTY DISCLOSURES

Compton RE Limited

A parent company.


The following balances exist at the balance sheet date.

31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 1,538,314 1,595,025

Compton RE Occupier Services Limited

A group company.


The following balances exist at the balance sheet date.

31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 4,252 73,078

Compton RE Investments Limited

A group company.


The following balances exist at the balance sheet date.

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 152,250 181,561

Compton Restaurants Limited

A group company.


The following balances exist at the balance sheet date.

31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 996,033 922,432

COMPTON RE DISPOSALS LIMITED (REGISTERED NUMBER: 13249505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Compton RE Limited.