Compass Box Holdings Limited |
Notes to the Accounts |
for the period from 1 December 2023 to 31 March 2024 |
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1 |
Accounting policies |
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Company information |
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Compass Box Holdings Limited is a private company limited by shares incorporated in England. The registered office is Darpen House 3 Water Lane, 3 Floor, Richmond, England, TW9 1TJ. |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidation accounts, on the basis that the group qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group. |
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Going concern |
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The directors are satisfied that the company will continue as a going concern and so the financial statements have been prepared on this basis. |
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Investments |
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Investments in subsidiaries are measured at cost less any accumulated impairment losses. |
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Related party exemption |
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The company has taken advantage of FRS 102 section 33.1A exemption to not disclose any related party transactions with companies that are wholly owned within the group. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 December 2023 |
6,669 |
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At 31 March 2024 |
6,669 |
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4 |
Other financial commitments |
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The company has granted a fixed and floating charge over its assets in relation to an inventory secured credit facility drawn down by its subsidiary. |
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5 |
Controlling party |
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The ultimate controlling party is considered to be Caelum Jersey Holdings One Limited. |