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Company Registration No. 12059160 (England and Wales)
Metric Developments Ltd Unaudited accounts for the period from 1 July 2022 to 31 December 2023
Metric Developments Ltd Unaudited accounts Contents
Page
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Metric Developments Ltd Company Information for the period from 1 July 2022 to 31 December 2023
Directors
Adam Chapman Gavin Ritchie Lee Michael
Company Number
12059160 (England and Wales)
Registered Office
REGENT HOUSE FOLDS ROAD BOLTON BL1 2RZ ENGLAND
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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Metric Developments Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
- 
1,200,000 
Current assets
Debtors
134,226 
15,368 
Cash at bank and in hand
66,560 
3,705 
200,786 
19,073 
Creditors: amounts falling due within one year
(229,878)
(718,043)
Net current liabilities
(29,092)
(698,970)
Total assets less current liabilities
(29,092)
501,030 
Creditors: amounts falling due after more than one year
(39,177)
(45,681)
Net (liabilities)/assets
(68,269)
455,349 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
- 
581,000 
Profit and loss account
(68,270)
(125,652)
Shareholders' funds
(68,269)
455,349 
For the period ending 31 December 2023 the company was entitled to exemption from audit 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 the period in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Adam Chapman Director Company Registration No. 12059160
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Metric Developments Ltd Notes to the Accounts for the period from 1 July 2022 to 31 December 2023
1
Statutory information
Metric Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12059160. The registered office is REGENT HOUSE, FOLDS ROAD, BOLTON, BL1 2RZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Included within the net book value of land and buildings above is £2,000,000 (2022: £1,200,000) in respect of freehold land and buildings.
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Transactions with related parties
Loans to companies under common control During the year loans were issued to the following companies which are companies under common control: Rivington Pike Capital Ltd £11,150 (2022 - £5,600) Metric Construction Ltd £58,221 (2022 - £0) Switzer Holdings UK Ltd £77,932 (2022 - £0) During the year loans were received from the following companies which are under common control: Metric Construction (Holdings) Ltd £125,000 (2022 - £0) A Chapman & Co Ltd £8,500 (2022 - £0)
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Metric Developments Ltd Notes to the Accounts for the period from 1 July 2022 to 31 December 2023
7
Average number of employees
During the period the average number of employees was 3 (2022: 3).
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