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Registered number: 05366021









METRUS HOLDINGS (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
METRUS HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 05366021

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
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 
649,081
1,506,093

Cash at bank and in hand
 6 
197
197

  
649,278
1,506,290

Creditors: amounts falling due within one year
 7 
(599,224)
(1,394,204)

Net current assets
  
 
 
50,054
 
 
112,086

Total assets less current liabilities
  
2,435,747
2,497,779

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

  

Net assets
  
61,940
123,972


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
  
11,440
73,472

  
61,940
123,972


Page 1

 
METRUS HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 05366021
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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: 12 November 2024

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 2023

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 2023

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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 (2022 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
2,385,693



At 31 December 2023
2,385,693




Page 4

 
METRUS HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
646,605
1,035,000

Amounts owed by related undertakings
-
469,000

Other debtors
2,476
2,093

649,081
1,506,093



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
197
197

197
197



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
903,942

Other creditors
100,000
-

Accruals and deferred income
499,224
490,262

599,224
1,394,204



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

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 2023

9.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



5,000 (2022 - 5,000) Class A Ordinary shares of £1.00 each
5,000
5,000
4,144 (2022 - 4,144) Class B Ordinary shares of £1.00 each
4,144
4,144
500 (2022 - 500) Class C Ordinary shares of £1.00 each
500
500

9,644

9,644

2023
2022
£
£
Shares classified as debt

Allotted, called up and fully paid



2,373,807 (2022 - 2,373,807) Cumulative Preference shares of £1.00 each
2,373,807
2,373,807


 
Page 6