Compass Training & Consultancy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12481705

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,062		-
Investment Properties	5		613,222		-
Investments	6		656,978		656,978

			1,279,262		656,978
CURRENT ASSETS
Debtors	7	131,556		998
Cash at bank and in hand		14,470		964

		146,026		1,962
Creditors: Amounts Falling Due Within One Year	8	(154,108 )		(4,957 )

NET CURRENT ASSETS (LIABILITIES)			(8,082 )		(2,995 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,271,180		653,983

Creditors: Amounts Falling Due After More Than One Year	9		(414,479 )		-

NET ASSETS			856,701		653,983

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Share premium account			328,574		328,574
Profit and Loss Account			527,127		324,409

SHAREHOLDERS' FUNDS			856,701		653,983

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Compass Training & Consultancy Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Christine Holdsworth

Director

25 June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Compass Training & Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12481705 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rental income earned.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination.

When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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Compass Training & Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	-
Additions	10,000

As at 31 March 2025	10,000

Depreciation
As at 1 April 2024	-
Provided during the period	938

As at 31 March 2025	938

Net Book Value
As at 31 March 2025	9,062

As at 1 April 2024	-

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	-
Additions	613,222

As at 31 March 2025	613,222

6. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	656,978

As at 31 March 2025	656,978

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	656,978

As at 1 April 2024	656,978

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Compass Training & Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,236	-
Other debtors	129,320	998

	131,556	998

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	31	-
Bank loans and overdrafts	148,800	-
Amounts owed to group undertakings	-	4,000
Other creditors	5,277	957

	154,108	4,957

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	414,479	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

11. Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20%

or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered Office	Holding	Proportion of voting rights and shares held
			2025	2024
Subsidiary undertakings
Steps Ahead Care & Support Limited	6 Sandy Court, Ashleigh Way, Langage Business Park, Plympton, Plymouth, PL7 5JX	Ordinary Shares	100%	100%

Subsidiary undertakings

Steps Ahead Care & Support Limited

The principal activity of Steps Ahead Care & Support Ltd is care support services.

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