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REGISTERED NUMBER: 11271684 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

METAMORPH MANAGEMENT LTD

METAMORPH MANAGEMENT LTD (REGISTERED NUMBER: 11271684)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METAMORPH MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: N A C Laurence
Mrs C L A Laurence





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 11271684 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

METAMORPH MANAGEMENT LTD (REGISTERED NUMBER: 11271684)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 625,000 -

CURRENT ASSETS
Stocks - 1,693,469
Debtors 5 101,940 37,040
Cash at bank 11,012 48,851
112,952 1,779,360
CREDITORS
Amounts falling due within one year 6 1,364,276 2,607,213
NET CURRENT LIABILITIES (1,251,324 ) (827,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(626,324

)

(827,853

)

CREDITORS
Amounts falling due after more than one
year

7

19,908

29,923
NET LIABILITIES (646,232 ) (857,776 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (646,234 ) (857,778 )
SHAREHOLDERS' FUNDS (646,232 ) (857,776 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

METAMORPH MANAGEMENT LTD (REGISTERED NUMBER: 11271684)

BALANCE SHEET - continued
31 August 2023


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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





N A C Laurence - Director


METAMORPH MANAGEMENT LTD (REGISTERED NUMBER: 11271684)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Metamorph Management 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.

The accounts are prepared on a going concern basis. The directors believe this to be appropriate on the basis that they have received assurances from the creditors that they will not require the repayment of advances made by them to the company until the company has adequate funds to remain solvent.

Turnover
Turnover represents gross invoiced sales of services and properties.

Rendering of services

Revenue for providing services are recognised as follows:
Sale of property is included on the date of completion
Management charges are included once the service has been completed on a quarterly basis.

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.

Stocks
Cost includes purchase price, associated acquisition costs, cost of development together with directly attributable overhead at the balance sheet date.

At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its net realisable value and the impairment loss is recognised immediately in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above 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 payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.


METAMORPH MANAGEMENT LTD (REGISTERED NUMBER: 11271684)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Transfer to ownership 625,000
At 31 August 2023 625,000
NET BOOK VALUE
At 31 August 2023 625,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 101,940 37,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,015 9,768
Trade creditors 10,000 -
Other creditors 1,344,261 2,597,445
1,364,276 2,607,213

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 19,908 29,923

METAMORPH MANAGEMENT LTD (REGISTERED NUMBER: 11271684)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

At the period end the company is owed £91,939 (£16,540 - 2022) by Landing Place Enterprises Limited is included in other debtors.

At the period end the company owes £66,190 (£65,342 - 2021) to James Laurence Limited, £104,030
(£49,430 - 2022) to Thameway Limited and £24,501 ((£10,500)- 2022) to The Cabin Project Ltd which are included in other creditors.

The directors have an interest in these companies.