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Company registration number: NI719151
Compass Risk Ltd
Unaudited filleted financial statements
31 July 2025
Compass Risk Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Compass Risk Ltd
Directors and other information
Directors Cahan McMahon
Maurice O'Kane
Company number NI719151
Registered office 23 High Street
Moneymore
Magherafelt
BT45 7PA
Accountants Weir & Co
23 High Street
Moneymore
Magherafelt
BT45 7PA
Compass Risk Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Compass Risk Ltd
Year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Compass Risk Ltd for the year ended 31 July 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Compass Risk Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Compass Risk Ltd and state those matters that we have agreed to state to the board of directors of Compass Risk Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Compass Risk Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Compass Risk Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Compass Risk Ltd. You consider that Compass Risk Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Compass Risk Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Weir & Co
Chartered Accountants
23 High Street
Moneymore
Magherafelt
BT45 7PA
24 April 2026
Compass Risk Ltd
Statement of financial position
31 July 2025
2025
£
Current assets 117,486
Creditors: amounts falling due within one year ( 36,344)
_______
Net current assets 81,142
_______
Total assets less current liabilities 81,142
Creditors: amounts falling due after more than one year ( 35,900)
Accruals and deferred income ( 1,740)
_______
Net assets 43,502
_______
Capital and reserves 43,502
_______
Compass Risk Ltd
Year ended 31 July 2025
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Cahan McMahon - ( 17,950) ( 17,950)
Maurice O'Kane - ( 17,950) ( 17,950)
_______ _______ _______
- ( 35,900) ( 35,900)
_______ _______ _______
Cahan McMahon is a director of the company and has a direct and indirect interest in 50% of the company's share capital. At 31 July 2025, the balance on the director's loan account was £17,950. No interest has been charged on this balance. Maurice O'Kane is a director of the company and has a direct and indirect interest in 50% of the company's share capital. At 31 July 2025, the balance on the director's loan account was £17,950. No interest has been charged on this balance.
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:
Cahan McMahon
Director
Company registration number: NI719151
The company is a private company limited by shares, registered in Northern Ireland.