REGISTERED NUMBER: 04189019 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

COMPASS VENTURES LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

11,204

10,291

Investments

5

75,000

75,000

Investment property

6

256,295

256,295

342,499

341,586

CURRENT ASSETS

Debtors

7

386,937

406,097

Cash at bank

7,625

28,176

394,562

434,273

CREDITORS

Amounts falling due within one year

8

54,807

115,962

NET CURRENT ASSETS

339,755

318,311

TOTAL ASSETS LESS CURRENT LIABILITIES

682,254

659,897

PROVISIONS FOR LIABILITIES

2,138

-

NET ASSETS

680,116

659,897

CAPITAL AND RESERVES

Called up share capital

9

672

672

Retained earnings

679,444

659,225

SHAREHOLDERS' FUNDS

680,116

659,897

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2026 and were signed by:

J A Blake - Director

1.	STATUTORY INFORMATION

Compass Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04189019

Registered office:

Ratoath House

Hazelwood Close

Storrington

West Sussex

RH20 3HX

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

20,315

36,613

36,470

93,398

Additions

-

4,649

-

4,649

At 31 March 2026

20,315

41,262

36,470

98,047

DEPRECIATION

At 1 April 2025

20,315

34,976

27,816

83,107

Charge for year

-

1,572

2,164

3,736

At 31 March 2026

20,315

36,548

29,980

86,843

NET BOOK VALUE

At 31 March 2026

-

4,714

6,490

11,204

At 31 March 2025

-

1,637

8,654

10,291

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Other investments

75,000

75,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

256,295

NET BOOK VALUE

At 31 March 2026

256,295

At 31 March 2025

256,295

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

256,295

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by connected undertakings

386,937

406,097

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

9,638

6,706

Other creditors

45,169

109,256

54,807

115,962

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary A

£1

2

2

670

Ordinary B

£1

670

670

672

672

10.	RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

2026

2025

£

£

Amounts owed by/(to) J A Blake (Director)

(39,396

)

(93,396

)

Amounts owed by/(to) MME Investments Limited (Connected undertakings)

231,937

251,097

Amounts owed by/(to) Fitzroy Capital Limited (Connected undertakings)

155,000

155,000

Connected Undertakings:

A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.