Registered number
11122569
Compton London Ltd
Filleted Accounts
31 August 2024
Compton London Ltd
Registered number: 11122569
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 330,000 330,000
Current assets
Debtors 4 821 795
Cash at bank and in hand 3,455 10,717
4,276 11,512
Creditors: amounts falling due within one year 5 (1,647,048) (1,617,687)
Net current liabilities (1,642,772) (1,606,175)
Net liabilities (1,312,772) (1,276,175)
Capital and reserves
Called up share capital 2 2
Profit and loss account (1,312,774) (1,276,177)
Shareholders' funds (1,312,772) (1,276,175)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr V Unalkat
Director
Approved by the board on 27 May 2025
Compton London Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 330,000
Additions 35,838
At 31 August 2024 365,838
Depreciation
Revaluation 35,838
At 31 August 2024 35,838
Net book value
At 31 August 2024 330,000
At 31 August 2023 330,000
4 Debtors 2024 2023
£ £
Other debtors 821 795
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 578 576
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,643,161 1,614,561
Other creditors 3,309 2,550
1,647,048 1,617,687
6 Controlling party
The immediate and ultimate parent company is Radia Estates Limited, a company incorporated in England and Wales. The registered office address of Radia Estates Limited is Rosslyn House, 34 Railway Approach, Harrow, Middlesex, HA3 5AA.
7 Other information
Compton London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rossly House
34 Railway Approach
Harrow
Middlesex
HA3 5AA
Compton London Ltd 11122569 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 Mr V Unalkat No description of principal activity 11122569 2022-09-01 2023-08-31 11122569 core:WithinOneYear 2023-08-31 11122569 core:ShareCapital 2023-08-31 11122569 core:RetainedEarningsAccumulatedLosses 2023-08-31 11122569 2023-09-01 2024-08-31 11122569 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11122569 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11122569 bus:Director40 2023-09-01 2024-08-31 11122569 1 2023-09-01 2024-08-31 11122569 2 2023-09-01 2024-08-31 11122569 core:LandBuildings 2023-09-01 2024-08-31 11122569 countries:England 2023-09-01 2024-08-31 11122569 bus:FRS102 2023-09-01 2024-08-31 11122569 bus:FilletedAccounts 2023-09-01 2024-08-31 11122569 2024-08-31 11122569 core:WithinOneYear 2024-08-31 11122569 core:ShareCapital 2024-08-31 11122569 core:RetainedEarningsAccumulatedLosses 2024-08-31 11122569 core:LandBuildings 2024-08-31 11122569 2023-08-31 11122569 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure