Gold Compass Developments Limited

Mr J. Kol-Bar Mrs M. Kol-Bar Mr A. Vybornyi

09424847 (England and Wales)

Flat 63, Walsingham St. Johns Wood Park, London NW8 6RL

Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gold Compass Developments Limited for the year ended 29 February 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Gold Compass Developments Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Gold Compass Developments Limited and state those matters that we have agreed to state to the Board of Directors of Gold Compass Developments Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gold Compass Developments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gold Compass Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gold Compass Developments Limited. You consider that Gold Compass Developments Limited 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 accounts of Gold Compass Developments Limited. 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 accounts.

Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 25 November 2020

Debtors

102,735 

92,638 

Cash at bank and in hand

19,466 

138,737 

(179,210)

(199,401)

Called up share capital

200 

200 

Profit and loss account

(57,209)

31,774 

For the year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2020 and were signed on its behalf by

Mr J. Kol-Bar Director Company Registration No. 09424847

Gold Compass Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 09424847. The registered office is Flat 63, Walsingham St. Johns Wood Park,, London, NW8 6RL.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

VAT

18,302 

- 

Trade debtors

9,900 

92,638 

Other debtors

74,533 

- 

Trade creditors

178,254 

137,705 

Taxes and social security

- 

2,740 

Other creditors

6 

6 

Accruals

950 

58,950 

Allotted, called up and fully paid:

200 Ordinary shares of £1 each

During the year the average number of employees was 0 (2019: 0).