Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09881123 R Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09881123 2022-11-30 09881123 2023-11-30 09881123 2022-12-01 2023-11-30 09881123 frs-core:CurrentFinancialInstruments 2023-11-30 09881123 frs-core:Non-currentFinancialInstruments 2023-11-30 09881123 frs-core:RevaluationReserve 2022-11-30 09881123 frs-core:RevaluationReserve 2023-11-30 09881123 frs-core:ShareCapital 2023-11-30 09881123 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09881123 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09881123 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09881123 frs-bus:SmallEntities 2022-12-01 2023-11-30 09881123 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09881123 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09881123 frs-bus:Director1 2022-12-01 2023-11-30 09881123 frs-countries:EnglandWales 2022-12-01 2023-11-30 09881123 2021-11-30 09881123 2022-11-30 09881123 2021-12-01 2022-11-30 09881123 frs-core:CurrentFinancialInstruments 2022-11-30 09881123 frs-core:Non-currentFinancialInstruments 2022-11-30 09881123 frs-core:RevaluationReserve 2022-11-30 09881123 frs-core:ShareCapital 2022-11-30 09881123 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09881123
Metrostar Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09881123
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 700,000 700,000
700,000 700,000
CURRENT ASSETS
Debtors 5 51,664 6,190
Cash at bank and in hand 72 33
51,736 6,223
Creditors: Amounts Falling Due Within One Year 6 (220,531 ) (191,157 )
NET CURRENT ASSETS (LIABILITIES) (168,795 ) (184,934 )
TOTAL ASSETS LESS CURRENT LIABILITIES 531,205 515,066
Creditors: Amounts Falling Due After More Than One Year 7 (486,773 ) (486,773 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,008 ) (19,008 )
NET ASSETS 25,424 9,285
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 100,043 100,043
Profit and Loss Account (74,719 ) (90,858 )
SHAREHOLDERS' FUNDS 25,424 9,285
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R Lewis
Director
04/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Metrostar Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09881123 . The registered office is 32 Byron Hill Road, Harrow-on-the-Hill, Middlesex, HA2 0HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 700,000
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 7,900 6,032
Other debtors 43,764 158
51,664 6,190
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1,080
Other creditors 32,500 32,500
Accruals and deferred income 780 721
Director's loan account 187,251 156,856
220,531 191,157
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 486,773 486,773
486,773 486,773
Page 3
Page 4
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 December 2022 100,043
As at 30 November 2023 100,043
Page 4