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REGISTERED NUMBER: 11090998 (England and Wales)














METCALF PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






METCALF PROPERTY LIMITED (REGISTERED NUMBER: 11090998)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


METCALF PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: C Metcalf





REGISTERED OFFICE: 82 High Street
Tenterden
Kent
TN30 6JG





REGISTERED NUMBER: 11090998 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

METCALF PROPERTY LIMITED (REGISTERED NUMBER: 11090998)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 195,000 195,000

CURRENT ASSETS
Debtors 5 6,854 6,276
Cash at bank 30,362 22,553
37,216 28,829
CREDITORS
Amounts falling due within one year 6 321,818 322,081
NET CURRENT LIABILITIES (284,602 ) (293,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,602

)

(98,252

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 (121,225 ) (121,225 )
Retained earnings 31,523 22,873
SHAREHOLDERS' FUNDS (89,602 ) (98,252 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





C Metcalf - Director


METCALF PROPERTY LIMITED (REGISTERED NUMBER: 11090998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Metcalf Property 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.

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.

The director believes it is appropriate to prepare the financial statements on a going concern basis as the company will return profits in future years. In the meantime, the company will be financially supported by its director.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company is a going concern due to continued support from its director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 195,000
NET BOOK VALUE
At 31 December 2022 195,000
At 31 December 2021 195,000

The investment properties are held at market value and will be subject to annual revaluations.

METCALF PROPERTY LIMITED (REGISTERED NUMBER: 11090998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 December 2022 is represented by:
£   
Valuation in 2020 (121,225 )
Cost 316,225
195,000

The flats were revalued to £65k each in 2020, the directors have confirmed that the current market value has not changed.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 6,854 6,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 2,019 2,282
Other creditors 319,799 319,799
321,818 322,081

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 (121,225 )

9. RELATED PARTY DISCLOSURES

The balance owed to the director at the end of the year is £318,399 (2021 - £318,399). There are no terms of repayment and no interest is charged on the loan.