Company registration number SC614079 (Scotland)
Metrol Technology (Nominees) Limited
Unaudited financial statements
for the year ended 30 November 2021
Pages for filing with registrar
Metrol Technology (Nominees) Limited
Balance sheet
as at 30 November 2021
1
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
2
8
8
Current assets
-
-
Creditors: amounts falling due within one year
(7)
(7)
Net current liabilities
(7)
(7)
Net assets
1
1
Capital and reserves
-
-
Called up share capital
1
1

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ended 30 November 2021 the company, subject to satisfying conditions, was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies. These conditions include the parent preparing and submitting its own consolidated financial statements within 9 months of its year end. The parent company has not yet prepared consolidated financial statements.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 19 August 2022
Compton Ross
Director
Company registration number SC614079
Metrol Technology (Nominees) Limited
Notes to the financial statements
for the year ended 30 November 2021
2
1
Accounting policies
Company information

Metrol Technology (Nominees) Limited is a private company limited by shares incorporated in Scotland. The registered office is c/o Metrol Technology Limited, Howe Moss Place, Kirkhill Industrial Estate, Dyce, Aberdeen, AB21 0GS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

Metrol Technology (Nominees) Limited
Notes to the financial statements (continued)
for the year ended 30 November 2021
1
Accounting policies (continued)
3

The company, subject to satisfying conditions, is exempt from preparing consolidated financial statements in accordance with Section 400 of the Companies Act 2006. These conditions include the parent preparing and submitting its own consolidated financial statements within 9 months of its year end.

 

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

However, the parent company Dunwilco (194) Limited, has not yet prepared and submitted the consolidated financial statements. Consequently, the Company is not entitled to apply the above exemption and the financial statements do not therefore comply with the requirements of the Companies Act 2006 and FRS102 in respect of these matters.

 

Metrol Technology (Nominees) Limited is a wholly owned subsidiary of Dunwilco (194) Limited and the results of Metrol Technology (Nominees) Limited are included in the consolidated financial statements of Dunwilco (194) Limited which are available from, C/O Metrol Technology Limited, Unit 24 Kirkhill Place, Dyce, Aberdeen, AB2 0GU.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
8
8
Metrol Technology (Nominees) Limited
Notes to the financial statements (continued)
for the year ended 30 November 2021
4
3
Parent company

The ultimate parent company of Metrol Technology (Overseas) Limited is Dunwilco (194) Limited and its registered office is, C/O Metrol Technology Limited, Unit 24 Kirkhill Place, Dyce, Aberdeen, AB2 0GU.

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