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REGISTERED NUMBER: 10866179 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Mettle Ltd

Mettle Ltd (Registered number: 10866179)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mettle Ltd

Company Information
for the year ended 30 June 2023







DIRECTORS: P M Williamson
A T Williamson
Ms L J Owen
G Williamson





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





BUSINESS ADDRESS: Business Centre
60 School Lane
Bamber Bridge
Preston
Lancashire
PR5 6QE





REGISTERED NUMBER: 10866179 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Mettle Ltd (Registered number: 10866179)

Abridged Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 660,000 660,000

CURRENT ASSETS
Debtors 797 455
Cash at bank 77,022 39,144
77,819 39,599
CREDITORS
Amounts falling due within one year 37,829 42,927
NET CURRENT ASSETS/(LIABILITIES) 39,990 (3,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,990

656,672

CREDITORS
Amounts falling due after more than one
year

5

(501,218

)

(483,190

)

PROVISIONS FOR LIABILITIES (13,119 ) (13,119 )
NET ASSETS 185,653 160,363

CAPITAL AND RESERVES
Called up share capital 7 4 4
Fair value reserve 8 55,927 55,927
Retained earnings 129,722 104,432
SHAREHOLDERS' FUNDS 185,653 160,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mettle Ltd (Registered number: 10866179)

Abridged Balance Sheet - continued
30 June 2023


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 Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





P M Williamson - Director


Mettle Ltd (Registered number: 10866179)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Mettle Ltd 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 as modified by the revaluation of certain assets.

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.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Mettle Ltd (Registered number: 10866179)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 660,000
NET BOOK VALUE
At 30 June 2023 660,000
At 30 June 2022 660,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 69,045
Cost 590,955
660,000

If investment property had not been revalued it would have been included at the following historical cost:

30/6/23 30/6/22
£    £   
Cost 590,955 590,955

Investment property was valued on an open market basis basis on 30 June 2022 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/6/23 30/6/22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 16,570 43,789

6. SECURED DEBTS

The following secured debts are included within creditors:

30/6/23 30/6/22
£    £   
Bank loans 171,499 200,399

The bank borrowings are secured via a mortgage and fixed charge over the assets of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
4 Ordinary £1 4 4

Mettle Ltd (Registered number: 10866179)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. RESERVES
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 55,927