METFIELD ESTATES LIMITED

Company Registration Number:
02128089 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

METFIELD ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

METFIELD ESTATES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 18,696,826 20,556,197
Total fixed assets: 18,696,826 20,556,197
Current assets
Stocks: 646,811 646,811
Debtors: 4 5,847,940 5,462,424
Cash at bank and in hand: 397,789 1,441,715
Total current assets: 6,892,540 7,550,950
Creditors: amounts falling due within one year: 5 (1,401,328) (4,170,272)
Net current assets (liabilities): 5,491,212 3,380,678
Total assets less current liabilities: 24,188,038 23,936,875
Creditors: amounts falling due after more than one year: 6 (33,026,170) (32,429,453)
Total net assets (liabilities): (8,838,132) (8,492,578)
Capital and reserves
Called up share capital: 297,593 297,593
Share premium account: 27,150 27,150
Other reserves: 40,813 40,813
Profit and loss account: (9,203,688) (8,858,134)
Shareholders funds: (8,838,132) (8,492,578)

The notes form part of these financial statements

METFIELD ESTATES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2024
and signed on behalf of the board by:

Name: L M Harvey
Status: Director

The notes form part of these financial statements

METFIELD ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

METFIELD ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 4 7

METFIELD ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

UK Fixed interest bonds at cost £15978755 UK quoted investments at cost £2718071 Total - 2023 £18696826 2022 £20556197

METFIELD ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 5,487,940 5,462,424

METFIELD ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Corporation tax £5412 Other creditors £476760 Accruals £919156 Totals 2023 - £1401328 2022 - £4170272

METFIELD ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Redeemable preference shares £1363112 Accrued premium & dividends on preference shares £6528461 Directors loan £14940560 Accrued interest on directors loan £10194037 Totals 2023 - £33026170 2022 - £32429453