REGISTERED NUMBER: 00731408 (England and Wales)

COMPACT ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P B Moss

G Latchman

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

00731408 (England and Wales)

ACCOUNTANTS:

Carston ETL

Chartered Accountants

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Tangible assets

4

15

20

Investments

5

341,609

342,295

Investment properties

6

2,272,000

2,250,000

2,613,624

2,592,315

CURRENT ASSETS

Debtors

7

4,804

4,306

Cash at bank

46,363

45,189

51,167

49,495

CREDITORS

Amounts falling due within one year

8

130,620

128,589

NET CURRENT LIABILITIES

(79,453

)

(79,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,534,171

2,513,221

PROVISIONS FOR LIABILITIES

9

163,569

158,087

NET ASSETS

2,370,602

2,355,134

CAPITAL AND RESERVES

Called up share capital

10

5,000

5,000

Fair value reserve

11

803,965

787,449

Retained earnings

1,561,637

1,562,685

SHAREHOLDERS' FUNDS

2,370,602

2,355,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved and authorised by the Board of Directors and authorised for issue on 16th October 2025 and were signed on its behalf by:

P B Moss - Director

1.	STATUTORY INFORMATION

Compact Estates Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding value added tax. The policy adopted for the recognition of rental income is as follows:

- Rents received

- Turnover representing rental income is recognised when the rent demand has been raised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Investment properties

Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the profit and loss account for the year.

In accordance with FRS 102 1A no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the financial statements giving a true and fair view.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Listed investments

Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the income statement.

Dividend income is accounted for when received or at the point when the Company is entitled to receive the dividend. Amounts are recognised in the income statement.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment and bad debts are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 6th April 2024

and 5th April 2025

31,495

DEPRECIATION

At 6th April 2024

31,475

Charge for year

5

At 5th April 2025

31,480

NET BOOK VALUE

At 5th April 2025

15

At 5th April 2024

20

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6th April 2024

342,295

Disposals

(683

)

Revaluations

(3

)

At 5th April 2025

341,609

NET BOOK VALUE

At 5th April 2025

341,609

At 5th April 2024

342,295

Cost or valuation at 5th April 2025 is represented by:

Other

investments

£

Valuation in 2024

341,609

6.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 6th April 2024

2,250,000

Revaluations

22,000

At 5th April 2025

2,272,000

NET BOOK VALUE

At 5th April 2025

2,272,000

At 5th April 2024

2,250,000

The fair value of the investment properties at the balance sheet date, in the opinion of the directors was £2,272,000. The aggregate surplus or deficit arising from the fair values were transferred to the fair value reserves.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

600

325

Other debtors

4,204

3,981

4,804

4,306

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

102,608

102,423

Taxation and social security

11,255

6,248

Other creditors

16,757

19,918

130,620

128,589

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

163,569

158,087

Deferred

tax

£

Balance at 6th April 2024

158,087

Provided during year

5,482

Balance at 5th April 2025

163,569

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

75,000

Ordinary

6.67p

5,000

5,000

11.

RESERVES

Fair

value

reserve

£

At 6th April 2024

787,449

Transfer from profit and loss

16,516

At 5th April 2025

803,965

12.	RELATED PARTY DISCLOSURES

During the year:

The company paid £3,500 (2024: £13,000) for office accommodation provided by Star Estates Limited.

The company charged interest at the rate of 5.25% above base rate to Star Estates Limited on the outstanding loan balance. Loan interest receivable from Star Estates Limited was £513 (2024: £919) which has been credited in the company's accounts.

Loan advances are increased by the amount of interest accrued each year and the advance to Star Estates Limited is reduced by the amount of accommodation charges payable to that company and any remittances received.

At the balance sheet date:

The amount due from Star Estates Limited was £NIL (2024: £18,413). There is no fixed repayment date in respect of the loan indebtedness. Whilst the directors are confident that this debt is ultimately recoverable there is no formal loan repayment plan. With any repayments being on an ad-hoc basis no further repayments are anticipated in the foreseeable future.

The amount due to Compact Estates (Holdings) Limited, the ultimate parent company, and included in creditors was £102,608 (2024: £102,423).

Dividends payable to related parties during the year:

Compact Estates (Holdings) Limited, the ultimate parent company: £54,000 (2024: £60,000)

13.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is Compact Estates (Holdings) Limited incorporated in England & Wales. The registered office is Second floor, 34 Lime Street, London, EC3M 7AT.