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REGISTERED NUMBER: 14700576 (England and Wales)















Unaudited Financial Statements

for the Period 2 March 2023 to 31 August 2024

for

Metropolis Homes Ltd

Metropolis Homes Ltd (Registered number: 14700576)






Contents of the Financial Statements
for the Period 2 March 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metropolis Homes Ltd

Company Information
for the Period 2 March 2023 to 31 August 2024







DIRECTOR: M Fletcher





REGISTERED OFFICE: 63 Stonegate Road
Leeds
LS6 4HZ





REGISTERED NUMBER: 14700576 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Metropolis Homes Ltd (Registered number: 14700576)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,337
Investment property 5 335,000
336,337

CURRENT ASSETS
Cash at bank 2

CREDITORS
Amounts falling due within one year 6 1,316
NET CURRENT LIABILITIES (1,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,023

CREDITORS
Amounts falling due after more than one year 7 (268,800 )

PROVISIONS FOR LIABILITIES (12,605 )
NET ASSETS 53,618

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 53,617
SHAREHOLDERS' FUNDS 53,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 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.

Metropolis Homes Ltd (Registered number: 14700576)

Balance Sheet - continued
31 August 2024


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 29 November 2024 and were signed by:





M Fletcher - Director


Metropolis Homes Ltd (Registered number: 14700576)

Notes to the Financial Statements
for the Period 2 March 2023 to 31 August 2024

1. STATUTORY INFORMATION

Metropolis Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Metropolis Homes Ltd (Registered number: 14700576)

Notes to the Financial Statements - continued
for the Period 2 March 2023 to 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 207 850 736 1,793
At 31 August 2024 207 850 736 1,793
DEPRECIATION
Charge for period 41 170 245 456
At 31 August 2024 41 170 245 456
NET BOOK VALUE
At 31 August 2024 166 680 491 1,337

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 263,184
Revaluations 71,816
At 31 August 2024 335,000
NET BOOK VALUE
At 31 August 2024 335,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 71,816
Cost 263,184
335,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 183,800
Other creditors 85,000
268,800

Metropolis Homes Ltd (Registered number: 14700576)

Notes to the Financial Statements - continued
for the Period 2 March 2023 to 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.