REGISTERED NUMBER: 12235247 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

COMPASS INTERNATIONAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J De La Motte

C W Elshikh

REGISTERED OFFICE:

The Portland Building

27-28 Church Street

Brighton

East Sussex

BN1 1RB

REGISTERED NUMBER:

12235247 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

4

60,799

60,460

Tangible assets

5

54,625

18,135

115,424

78,595

CURRENT ASSETS

Debtors

6

267,569

149,444

Cash at bank

71,687

74,948

339,256

224,392

CREDITORS

Amounts falling due within one year

7

6,219,396

3,397,734

NET CURRENT LIABILITIES

(5,880,140

)

(3,173,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,764,716

)

(3,094,747

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(5,764,717

)

(3,094,748

)

SHAREHOLDERS' FUNDS

(5,764,716

)

(3,094,747

)

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 by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

J De La Motte - Director

1.	STATUTORY INFORMATION

Compass International Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared on the going concern basis in light of the fact the parent company, Miso Holdco Pty Limited (incorporated in Australia) will continue to provide financial support to the Company for a period in excess of 12 months and 1 day following the sign off of the audit report.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

With regard to the accounting policies adopted by the company, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily available from other sources. Such estimates are based on historical experience and other relevant factors and may differ from actual results. All estimates, and associated underlying assumptions, are reviewed on an ongoing basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised over the subscription period, as the risks and rewards are transferred to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Acquired customer relationships are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 3 years straight line

Financial instruments

Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

83,169

Additions

29,558

Disposals

(11,540

)

At 30 June 2025

101,187

AMORTISATION

At 1 July 2024

22,709

Charge for year

22,027

Eliminated on disposal

(4,348

)

At 30 June 2025

40,388

NET BOOK VALUE

At 30 June 2025

60,799

At 30 June 2024

60,460

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

36,703

Additions

53,936

At 30 June 2025

90,639

DEPRECIATION

At 1 July 2024

18,568

Charge for year

17,446

At 30 June 2025

36,014

NET BOOK VALUE

At 30 June 2025

54,625

At 30 June 2024

18,135

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

303

38,810

Amounts owed by group undertakings

47,157

34,168

Other debtors

220,109

76,466

267,569

149,444

Amounts owed by group undertakings contains no fixed term of repayments.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

12,808

552

Amounts owed to group undertakings

5,923,689

3,215,667

Taxation and social security

55,274

31,428

Other creditors & accruals

227,625

150,087

6,219,396

3,397,734

The amounts owed to group undertakings is a loan from another group company which bears an interest rate of 5.61% per annum. The interest is accrued at the end of each financial year. The loan is non-cash and has no fixed term of repayment.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

150,460

-

Between one and five years

297,045

-

447,505

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

£0.01

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Phipps (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is EQT AB, a company incorporated at Regeringsgatan 25, Stockholm, 111 53, Sweden. No consolidated financial statements are prepared at this level. The lowest level of consolidated financial statements are prepared by Miso Holdco Pty Ltd, a company incorporated in Australia. Copies of the group consolidated financial statements are available at 36-38 Burwood Road, Hawthorn, VIC 3122.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.