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REGISTERED NUMBER: 12470792 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 31 December 2023

for

Metamercat Limited

Metamercat Limited (Registered number: 12470792)

Contents of the Financial Statements
for the Period 1 March 2023 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Metamercat Limited

Company Information
for the Period 1 March 2023 to 31 December 2023







Director: A U Becerra Rojas





Registered office: 111 Park Street,
London
W1K 7JF





Registered number: 12470792 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

Metamercat Limited (Registered number: 12470792)

Balance Sheet
31 December 2023

31.12.23 28.2.23
Notes £    £   
Fixed assets
Investments 5 15,000 15,000

Current assets
Stocks 268,503 -
Debtors 6 378,049 7,500
Cash at bank 52,731 4,909
699,283 12,409
Creditors
Amounts falling due within one year 7 (736,347 ) (79,096 )
Net current liabilities (37,064 ) (66,687 )
Total assets less current liabilities (22,064 ) (51,687 )

Capital and reserves
Called up share capital 1 1
Retained earnings (22,065 ) (51,688 )
(22,064 ) (51,687 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





A U Becerra Rojas - Director


Metamercat Limited (Registered number: 12470792)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 December 2023


1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 111 Park Street, London, England, W1K 7JF.

The company's principal activity is that of a trading and business intermediary for related parties.

2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Metamercat Limited (Registered number: 12470792)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 December 2023


3. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The Company's ultimate shareholders continue to provide financial support to the company, which the director is confident will continue for a period of not less than twelve months from the date of approval of the financial statements. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.

4. Employees and directors

The average number of employees during the period was 1 (2023 - 1 ) .

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 March 2023
and 31 December 2023 15,000
Net book value
At 31 December 2023 15,000
At 28 February 2023 15,000

During the prior period the company acquired 100% of the issued share capital in Mercat Minero Ibericos SL, a company incorporated in Barcelona, Spain.

6. Debtors: amounts falling due within one year
31.12.23 28.2.23
£    £   
Trade debtors 365,816 -
Other debtors 12,233 7,500
378,049 7,500

7. Creditors: amounts falling due within one year
31.12.23 28.2.23
£    £   
Trade creditors 616,201 -
Other creditors 117,496 77,296
Accruals and deferred income 2,650 1,800
736,347 79,096

Metamercat Limited (Registered number: 12470792)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 December 2023


8. Related party disclosures

RCM Trust

During the period the company had the following transactions with the RCM Trust a shareholder in Metamercat Limited:

31.12.2328.02.23
££
Balance brought forward77,29638,870
Monies advanced to the company by The RCM Trust20,22038,426
Balance owed to The RCM Trust carried forward97,51677,296

The above loan is interest fee, unsecured and repayable on demand.

UMA Wealth (UK) Limited

During the period the company had the following transactions with UMA Wealth (UK) Limited, a company controlled by the Director A U Becerra Rojas:


31.12.2328.02.23
££
Prepayment brought forward7,5004,550
Administration services invoiced by UMA Wealth (UK) Limited in period19,12516,926
Prepayment carried forward(7,500)(7,500)
Administration services received in period19,12513,976

As at 31 December 2023, £6,298 was owed to UMA Wealth (UK) Limited in respect to administration services received. (28.02.23 - £Nil).

Mariano Pero

During the period the company had the following transactions with Mariano Pero the settlor of The RCM Trust, and the ultimate controlling party of the company:

31.12.2328.02.23
££
Consultancy fees received19,980-
Consultancy fees owed to Mariano Pero carried forward19,980-


9. Ultimate controlling party

During the period the director regarded Mariano Pero the settlor of The RCM Trust, as the ultimate controlling party of the company.