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REGISTERED NUMBER: 12470792 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Metamercat Limited

Metamercat Limited (Registered number: 12470792)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Metamercat Limited

Company Information
for the Year Ended 28 February 2023







Director: A U Becerra Rojas





Registered office: 48 Dover Street
London
W1S 4FF





Registered number: 12470792 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

Metamercat Limited (Registered number: 12470792)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
Fixed assets
Investments 5 15,000 -

Current assets
Debtors 6 7,500 4,550
Cash at bank 4,909 -
12,409 4,550
Creditors
Amounts falling due within one year 7 (79,096 ) (40,370 )
Net current liabilities (66,687 ) (35,820 )
Total assets less current liabilities (51,687 ) (35,820 )

Capital and reserves
Called up share capital 1 1
Retained earnings (51,688 ) (35,821 )
(51,687 ) (35,820 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 20 November 2023 and were signed by:





A U Becerra Rojas - Director


Metamercat Limited (Registered number: 12470792)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48 Dover Street, London, England, W1S 4FF.

The company's principal activity is that of a trading and business intermediary for related parties.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Going concern
The Company's ultimate shareholders continue to provide financial support to the company, which the director is confident will continue for a period of not less than twelve months from the date of approval of the financial statements. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.

4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

Metamercat Limited (Registered number: 12470792)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
Additions 15,000
At 28 February 2023 15,000
Net book value
At 28 February 2023 15,000

During the period the company acquired 100% of the issued share capital in Mercat Minero Ibericos SL, a company incorporated in Barcelona, Spain.

6. Debtors: amounts falling due within one year
28.2.23 28.2.22
£    £   
Other debtors 7,500 4,550

7. Creditors: amounts falling due within one year
28.2.23 28.2.22
£    £   
Other creditors 77,296 38,870
Accruals and deferred income 1,800 1,500
79,096 40,370

Metamercat Limited (Registered number: 12470792)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. Related party disclosures

RCM Trust

During the year the company had the following transactions with the RCM Trust a shareholder in Metamercat Limited:

28.02.2328.02.22
££
Balance brought forward38,87011,060
Monies advanced to the company by The RCM Trust38,42627,810
Balance carried forward77,29638,870

The above loan is interest fee, unsecured and repayable on demand.

UMA Wealth (UK) Limited

During the year the company had the following transactions with UMA Wealth (UK) Limited, a company controlled by the Director A U Becerra Rojas:


28.02.2328.02.22
££
Prepayment brought forward(4,550)(6,980)
Administration services received13,97620,613
Monies paid to UMA Wealth (UK) Limited(16,926)(18,183)
Prepayment carried forward7,5004,550


9. Ultimate controlling party

The company was controlled throughout the period by UMA Swiss AG as Trustee of The RCM Trust by virtue of their 100% ownership of the issued share capital in Metamercat Limited.