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
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
Metric Developments Ltd
Statement of financial position
as at 31 December 2023
Investment property
-
1,200,000
Cash at bank and in hand
66,560
3,705
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
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
Metric Developments Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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.
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)
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).