Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312023-08-18true1No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15082937 2023-08-17 15082937 2023-08-18 2024-12-31 15082937 2021-08-19 2023-08-17 15082937 2024-12-31 15082937 c:Director1 2023-08-18 2024-12-31 15082937 c:Director1 2024-12-31 15082937 c:Director2 2023-08-18 2024-12-31 15082937 c:Director2 2024-12-31 15082937 c:RegisteredOffice 2023-08-18 2024-12-31 15082937 d:OfficeEquipment 2023-08-18 2024-12-31 15082937 d:ComputerEquipment 2023-08-18 2024-12-31 15082937 d:OtherPropertyPlantEquipment 2023-08-18 2024-12-31 15082937 d:OtherPropertyPlantEquipment 2024-12-31 15082937 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-08-18 2024-12-31 15082937 d:CurrentFinancialInstruments 2024-12-31 15082937 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15082937 d:ShareCapital 2024-12-31 15082937 d:RetainedEarningsAccumulatedLosses 2024-12-31 15082937 c:OrdinaryShareClass1 2023-08-18 2024-12-31 15082937 c:OrdinaryShareClass1 2024-12-31 15082937 c:FRS102 2023-08-18 2024-12-31 15082937 c:AuditExempt-NoAccountantsReport 2023-08-18 2024-12-31 15082937 c:FullAccounts 2023-08-18 2024-12-31 15082937 c:PrivateLimitedCompanyLtd 2023-08-18 2024-12-31 15082937 e:PoundSterling 2023-08-18 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15082937










COMPASS LEADING LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024




















 
COMPASS LEADING LIMITED
 
 
Company Information


Directors
L Livingston (appointed 27 November 2024)
H Clegg (resigned 27 November 2024)




Registered number
15082937



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
COMPASS LEADING LIMITED
Registered number: 15082937

Balance sheet
As at 31 December 2024

2024
Note
£

Fixed assets
  

Tangible fixed assets
 4 
842

  
842

Current assets
  

Debtors: amounts falling due within one year
 5 
18,000

Cash at bank and in hand
  
227,806

  
245,806

Creditors: amounts falling due within one year
 6 
(161,762)

Net current assets
  
 
 
84,044

Total assets less current liabilities
  
84,886

  

Net assets
  
84,886


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
84,885

  
84,886


Page 1

 
COMPASS LEADING LIMITED
Registered number: 15082937
    
Balance sheet (continued)
As at 31 December 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 statement of income and retained earnings 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 6 March 2025.




L Livingston
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
COMPASS LEADING LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2024

1.


General information

Compass Leading Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales, registration number 15082937. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
These financial statements are for the period from 18 August 2023 to 31 December 2024. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
COMPASS LEADING LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
COMPASS LEADING LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


Additions
1,008



At 31 December 2024

1,008



Depreciation


Charge for the period 
166



At 31 December 2024

166



Net book value



At 31 December 2024
842

Page 5

 
COMPASS LEADING LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2024

5.


Debtors

2024
£


Trade debtors
18,000

18,000



6.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
23,817

Other taxation and social security
10,660

Other creditors
25,285

Accruals and deferred income
102,000

161,762



7.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary unpaid share of £1.00
1


During the period the company issued 1 £1 ordinary share at par.


8.


Related party transactions

During the period the company made a donation of £2,000 to a charity which has a common director. At the period end the company owed the director £25,285.

 
Page 6