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Company No: 13602473 (England and Wales)

COMPOUND RE STRATEGIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

COMPOUND RE STRATEGIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

COMPOUND RE STRATEGIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
COMPOUND RE STRATEGIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
Director J Sandelson
Registered office 2nd Floor 168 Shoreditch High Street
London
United Kingdom
Company number 13602473 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E1 6RA
COMPOUND RE STRATEGIES LIMITED

BALANCE SHEET

As at 30 September 2024
COMPOUND RE STRATEGIES LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 4,593 3,298
4,593 3,298
Current assets
Debtors 5 77,978 62,206
Cash at bank and in hand 6 21,335 71,054
99,313 133,260
Creditors: amounts falling due within one year 7 ( 51,520) ( 101,750)
Net current assets 47,793 31,510
Total assets less current liabilities 52,386 34,808
Net assets 52,386 34,808
Capital and reserves
Called-up share capital 8 10 10
Profit and loss account 52,376 34,798
Total shareholder's funds 52,386 34,808

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Compound Re Strategies Limited (registered number: 13602473) were approved and authorised for issue by the Director on 04 July 2025. They were signed on its behalf by:

J Sandelson
Director
COMPOUND RE STRATEGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
COMPOUND RE STRATEGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal activity of the company is that of property management services.

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Compound Re Strategies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

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.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Taxation

Current tax
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.

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:

Computer equipment 4 years straight line

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.

Trade and other debtors

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

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at the transaction price.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

During the current year, it was identified that an amount of £15,000 relating to directors’ remuneration was omitted from the prior year’s financial statements in error.

In the prior year:

- £13,000 of this amount was incorrectly classified as a dividend.
- £2,000 was wrongly attributed to the director’s loan account.

This misstatement has now been corrected by:

- Reclassifying the full £15,000 as directors’ remuneration within administrative expenses.
- Reducing the prior year’s dividends and director’s loan account accordingly.

Effects of the Adjustment:

- Administrative expenses in the prior year have increased by £15,000.
- Other debtors have decreased by £2,000.
- The Statement of Changes in Equity
has been restated to reflect a revised prior year profit of £1,490 and remove the previously recorded dividend of £13,000.

This correction has been applied retrospectively, and the comparative figures have been restated accordingly to ensure the financial statements present a true and fair view.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 3

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 October 2023 3,546 3,546
Additions 2,524 2,524
At 30 September 2024 6,070 6,070
Accumulated depreciation
At 01 October 2023 248 248
Charge for the financial year 1,229 1,229
At 30 September 2024 1,477 1,477
Net book value
At 30 September 2024 4,593 4,593
At 30 September 2023 3,298 3,298

5. Debtors

2024 2023
£ £
Trade debtors 0 48,594
Amounts owed by Group undertakings 56,000 10,718
Prepayments 1,615 101
Other debtors 20,363 2,793
77,978 62,206

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 21,335 71,054

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 16,952 2,263
Accruals 9,427 71,500
Taxation and social security 24,903 27,987
Other creditors 238 0
51,520 101,750

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Class 1 ordinary shares of £ 0.01 each 10 10

9. Related party transactions

During the year, Compound Re Strategies paid expenses on behalf of CSS Management Services Ltd of the amount £98,738 (2023: £10,718). Compound Re Strategies also received £53,456 on behalf of CSS Management Services Limited (2023: Nil). The company was owed £56,000 (2023: £10,718). These figures are included in 'Amounts owed by group undertakings' in ' Debtors: due within one year'.

10. Pension commitments

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable in respect of the year. The pension liability at the year end was £837 (2023: £Nil) and the total pension costs were £3,965 (2023: £2,637).

11. Ultimate controlling party

The company is under the control of its Director, J Sandelson, who owns 80% of the issued share capital.