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REGISTERED NUMBER: 09643550 (England and Wales)










COMPASS PROPERTY CONSULTANTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






COMPASS PROPERTY CONSULTANTS LTD (REGISTERED NUMBER: 09643550)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPASS PROPERTY CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr R S Sohal





REGISTERED OFFICE: 13 Morris Avenue
Wyken
Coventry
West Midlands
CV2 5GU





REGISTERED NUMBER: 09643550 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

COMPASS PROPERTY CONSULTANTS LTD (REGISTERED NUMBER: 09643550)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 50 59

CURRENT ASSETS
Cash at bank 16,396 17,201

CREDITORS
Amounts falling due within one year 5 (14,812 ) (17,022 )
NET CURRENT ASSETS 1,584 179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,634

238

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6 1,633 237
SHAREHOLDERS' FUNDS 1,634 238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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.

COMPASS PROPERTY CONSULTANTS LTD (REGISTERED NUMBER: 09643550)

BALANCE SHEET - continued
30 JUNE 2024



The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Mr R S Sohal - Director


COMPASS PROPERTY CONSULTANTS LTD (REGISTERED NUMBER: 09643550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Compass Property Consultants Ltd 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.
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

COMPASS PROPERTY CONSULTANTS LTD (REGISTERED NUMBER: 09643550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 299
DEPRECIATION
At 1 July 2023 240
Charge for year 9
At 30 June 2024 249
NET BOOK VALUE
At 30 June 2024 50
At 30 June 2023 59

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 329 373
Other creditors 14,483 16,649
14,812 17,022

6. RESERVES
Retained
earnings
£   

At 1 July 2023 237
Profit for the year 1,396
At 30 June 2024 1,633

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the director is £13,883 (2023: £16,049). The loans are interest free and with no fixed date of repayment.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R S Sohal.