Silverfin false 31/03/2023 01/04/2022 31/03/2023 Greg Cooper 16/02/2015 Paul O'Neill 01/04/2015 26 October 2023 The principal activity of the Company during the financial year was that of planning consultants and architects. 09441629 2023-03-31 09441629 bus:Director1 2023-03-31 09441629 bus:Director2 2023-03-31 09441629 2022-03-31 09441629 core:CurrentFinancialInstruments 2023-03-31 09441629 core:CurrentFinancialInstruments 2022-03-31 09441629 core:Non-currentFinancialInstruments 2023-03-31 09441629 core:Non-currentFinancialInstruments 2022-03-31 09441629 core:ShareCapital 2023-03-31 09441629 core:ShareCapital 2022-03-31 09441629 core:RetainedEarningsAccumulatedLosses 2023-03-31 09441629 core:RetainedEarningsAccumulatedLosses 2022-03-31 09441629 core:Goodwill 2022-03-31 09441629 core:Goodwill 2023-03-31 09441629 core:OtherPropertyPlantEquipment 2022-03-31 09441629 core:OtherPropertyPlantEquipment 2023-03-31 09441629 bus:OrdinaryShareClass1 2023-03-31 09441629 bus:OrdinaryShareClass2 2023-03-31 09441629 bus:OrdinaryShareClass3 2023-03-31 09441629 bus:PreferenceShareClass1 bus:Non-cumulativeShares 2023-03-31 09441629 core:WithinOneYear 2023-03-31 09441629 core:WithinOneYear 2022-03-31 09441629 core:BetweenOneFiveYears 2023-03-31 09441629 core:BetweenOneFiveYears 2022-03-31 09441629 2022-04-01 2023-03-31 09441629 bus:FullAccounts 2022-04-01 2023-03-31 09441629 bus:SmallEntities 2022-04-01 2023-03-31 09441629 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09441629 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09441629 bus:Director1 2022-04-01 2023-03-31 09441629 bus:Director2 2022-04-01 2023-03-31 09441629 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 09441629 core:Goodwill 2022-04-01 2023-03-31 09441629 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 09441629 2021-04-01 2022-03-31 09441629 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 09441629 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 09441629 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 09441629 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09441629 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 09441629 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 09441629 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 09441629 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 09441629 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 09441629 bus:PreferenceShareClass1 bus:Non-cumulativeShares 2022-04-01 2023-03-31 09441629 bus:PreferenceShareClass1 bus:Non-cumulativeShares 2021-04-01 2022-03-31 09441629 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09441629 (England and Wales)

METROPOLIS PDG LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

METROPOLIS PDG LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

METROPOLIS PDG LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
METROPOLIS PDG LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Greg Cooper
Paul O'Neill
REGISTERED OFFICE C/O Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
COMPANY NUMBER 09441629 (England and Wales)
ACCOUNTANT Praxis
1 Poultry
London
EC3R 8EJ
METROPOLIS PDG LIMITED

BALANCE SHEET

As at 31 March 2023
METROPOLIS PDG LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 424,864 637,298
Tangible assets 4 1,116 1,699
425,980 638,997
Current assets
Stocks 5 65,579 51,632
Debtors 6 51,415 71,670
Cash at bank and in hand 94,222 70,728
211,216 194,030
Creditors: amounts falling due within one year 7 ( 184,604) ( 246,410)
Net current assets/(liabilities) 26,612 (52,380)
Total assets less current liabilities 452,592 586,617
Creditors: amounts falling due after more than one year 8 ( 100,753) ( 127,857)
Net assets 351,839 458,760
Capital and reserves
Called-up share capital 9 885,496 885,496
Profit and loss account ( 533,657 ) ( 426,736 )
Total shareholders' funds 351,839 458,760

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Metropolis PDG Limited (registered number: 09441629) were approved and authorised for issue by the Board of Directors on 26 October 2023. They were signed on its behalf by:

Greg Cooper
Director
METROPOLIS PDG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
METROPOLIS PDG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Metropolis PDG Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Praxis, 1 Poultry, London, EC2R 8EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 7

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 2,124,336 2,124,336
At 31 March 2023 2,124,336 2,124,336
Accumulated amortisation
At 01 April 2022 1,487,038 1,487,038
Charge for the financial year 212,434 212,434
At 31 March 2023 1,699,472 1,699,472
Net book value
At 31 March 2023 424,864 424,864
At 31 March 2022 637,298 637,298

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 17,543 17,543
At 31 March 2023 17,543 17,543
Accumulated depreciation
At 01 April 2022 15,844 15,844
Charge for the financial year 583 583
At 31 March 2023 16,427 16,427
Net book value
At 31 March 2023 1,116 1,116
At 31 March 2022 1,699 1,699

5. Stocks

2023 2022
£ £
Work in progress 65,579 51,632

6. Debtors

2023 2022
£ £
Trade debtors 14,400 49,487
Other debtors 37,015 22,183
51,415 71,670

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,711 8,706
Trade creditors 47,295 74,429
Taxation and social security 64,586 21,246
Other creditors 63,012 142,029
184,604 246,410

There are no amounts included above in respect of which any security has been given by the small entity.

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 32,211 41,815
Other creditors 68,542 86,042
100,753 127,857

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
20 Ordinary A shares of £ 1.00 each 20 20
15 Ordinary B shares of £ 1.00 each 15 15
15 Ordinary C shares of £ 1.00 each 15 15
50 50
885,446 0.00% redeemable preference non-cumulative shares of £ 1.00 each 885,446 885,446
885,496 885,496

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 0 75,000
between one and five years 0 3,503
0 78,503

The Company had no material capital commitments at the year ended 31 March 2023.

11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.