REGISTERED NUMBER: 06894163 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

COMPASS FINANCIAL (UK) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T R Perry

R A Green

REGISTERED OFFICE:

Building One

Manchester Green

Manchester

M22 5LW

REGISTERED NUMBER:

06894163 (England and Wales)

AUDITORS:

TC Group

Statutory Auditors

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

4

59,007

71,428

CURRENT ASSETS

Debtors

3,168,340

1,813,141

Cash at bank

599,011

476,296

3,767,351

2,289,437

CREDITORS

Amounts falling due within one year

757,214

683,661

NET CURRENT ASSETS

3,010,137

1,605,776

TOTAL ASSETS LESS CURRENT LIABILITIES

3,069,144

1,677,204

PROVISIONS FOR LIABILITIES

6

48,621

51,055

NET ASSETS

3,020,523

1,626,149

CAPITAL AND RESERVES

Called up share capital

7

4,098

4,098

Share premium

1,016,819

1,016,819

Capital redemption reserve

160

160

Retained earnings

1,999,446

605,072

SHAREHOLDERS' FUNDS

3,020,523

1,626,149

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

R A Green - Director

1.	STATUTORY INFORMATION

Compass Financial (UK) 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Compass Financial (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

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

-

15% on reducing balance and 20% on cost

Computer equipment

-

33% on cost and 25% on reducing balance

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other creditors and loans to related parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan 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.

Operating leases: the company as lessee

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term. Lease incentives received are recognised as an integral part of the total lease expense over the term of the lease.

The Company has applied the recognition exemption available under FRS 102 in respect of short-term leases and leases for which the underlying asset is of low value, where applicable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

237,154

Additions

17,035

At 28 February 2026

254,189

DEPRECIATION

At 1 March 2025

165,726

Charge for year

29,456

At 28 February 2026

195,182

NET BOOK VALUE

At 28 February 2026

59,007

At 28 February 2025

71,428

5.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

100,485

-

Between one and five years

82,192

141,019

182,677

141,019

6.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

13,621

16,055

Other provisions

35,000

35,000

48,621

51,055

Deferred

Other

tax

provisions

£

£

Balance at 1 March 2025

16,055

35,000

Credit to Statement of Income and Retained Earnings during year

(2,434

)

-

Balance at 28 February 2026

13,621

35,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

215

Ordinary A

£1

215

215

215

Ordinary B

£1

215

215

214

Ordinary C

£1

214

214

129

Ordinary D

£1

129

129

3,325

Ordinary G

£1

3,325

3,325

4,098

4,098

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

The Report of the Auditors was unqualified.

Christian Morris BSc ACA (Senior Statutory Auditor)

for and on behalf of TC Group

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by N. F. W. McKee who owns 89.5% of the issued share capital of the Holding company which owns 100% of the issue share capital of the company.