Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-014falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05366021 2022-01-01 2022-12-31 05366021 2021-01-01 2021-12-31 05366021 2022-12-31 05366021 2021-12-31 05366021 c:Director4 2022-01-01 2022-12-31 05366021 d:CurrentFinancialInstruments 2022-12-31 05366021 d:CurrentFinancialInstruments 2021-12-31 05366021 d:Non-currentFinancialInstruments 2022-12-31 05366021 d:Non-currentFinancialInstruments 2021-12-31 05366021 d:Non-currentFinancialInstruments 1 2022-12-31 05366021 d:Non-currentFinancialInstruments 1 2021-12-31 05366021 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05366021 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05366021 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05366021 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 05366021 d:ShareCapital 2022-12-31 05366021 d:ShareCapital 2021-12-31 05366021 d:SharePremium 2022-12-31 05366021 d:SharePremium 2021-12-31 05366021 d:CapitalRedemptionReserve 2022-12-31 05366021 d:CapitalRedemptionReserve 2021-12-31 05366021 d:RetainedEarningsAccumulatedLosses 2022-12-31 05366021 d:RetainedEarningsAccumulatedLosses 2021-12-31 05366021 c:OrdinaryShareClass1 2022-01-01 2022-12-31 05366021 c:OrdinaryShareClass1 2022-12-31 05366021 c:OrdinaryShareClass1 2021-12-31 05366021 c:OrdinaryShareClass2 2022-01-01 2022-12-31 05366021 c:OrdinaryShareClass2 2022-12-31 05366021 c:OrdinaryShareClass2 2021-12-31 05366021 c:OrdinaryShareClass3 2022-01-01 2022-12-31 05366021 c:OrdinaryShareClass3 2022-12-31 05366021 c:OrdinaryShareClass3 2021-12-31 05366021 c:PreferenceShareClass1 2022-01-01 2022-12-31 05366021 c:PreferenceShareClass1 2022-12-31 05366021 c:PreferenceShareClass1 2021-12-31 05366021 c:FRS102 2022-01-01 2022-12-31 05366021 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 05366021 c:FullAccounts 2022-01-01 2022-12-31 05366021 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05366021 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05366021









METRUS HOLDINGS (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
METRUS HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 05366021

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
2,385,693
2,385,693

  
2,385,693
2,385,693

Current assets
  

Debtors: amounts falling due within one year
 5 
1,506,093
1,504,000

Cash at bank and in hand
 6 
197
197

  
1,506,290
1,504,197

Creditors: amounts falling due within one year
 7 
(1,394,204)
(1,448,576)

Net current assets
  
 
 
112,086
 
 
55,621

Total assets less current liabilities
  
2,497,779
2,441,314

Creditors: amounts falling due after more than one year
 8 
(2,373,807)
(2,373,807)

  

Net assets
  
123,972
67,507


Capital and reserves
  

Called up share capital 
 9 
9,644
9,644

Share premium account
  
40,000
40,000

Capital redemption reserve
  
856
856

Profit and loss account
  
73,472
17,007

  
123,972
67,507


Page 1

 
METRUS HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 05366021
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Sayer
Director

Date: 23 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
METRUS HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Metrus Holdings (UK) Limited is a private company limited by shares and incorporated in England and Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
METRUS HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.8

Dividends

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
2,385,693



At 31 December 2022
2,385,693




Page 4

 
METRUS HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
1,035,000
1,035,000

Amounts owed by related undertakings
469,000
469,000

Other debtors
2,093
-

1,506,093
1,504,000



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
197
197

197
197



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
903,942
901,849

Accruals and deferred income
490,262
546,727

1,394,204
1,448,576



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Preference shares classed as a financial liability
2,373,807
2,373,807

2,373,807
2,373,807


Page 5

 
METRUS HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Share capital

2022
2021
£
£
Shares classified as equity

Allotted, called up and fully paid



5,000 (2021 - 5,000) Class A Ordinary shares of £1.00 each
5,000
5,000
4,144 (2021 - 4,144) Class B Ordinary shares of £1.00 each
4,144
4,144
500 (2021 - 500) Class C Ordinary shares of £1.00 each
500
500

9,644

9,644

2022
2021
£
£
Shares classified as debt

Allotted, called up and fully paid



2,373,807 (2021 - 2,373,807) Cumulative Preference shares of £1.00 each
2,373,807
2,373,807


 
Page 6