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Registered number: 02708219














META RESEARCH LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
META RESEARCH LIMITED
REGISTERED NUMBER:02708219

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,103
1,513

  
3,103
1,513

Current assets
  

Debtors: amounts falling due within one year
 5 
184,400
202,366

Cash at bank
 6 
2,937
2,881

  
187,337
205,247

Creditors: amounts falling due within one year
 7 
(6,238)
(7,523)

Net current assets
  
 
 
181,099
 
 
197,724

Total assets less current liabilities
  
184,202
199,237

Provisions for liabilities
  

Deferred tax
 8 
-
(378)

  
 
 
-
 
 
(378)

Net assets
  
184,202
198,859


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
184,102
198,759

  
184,202
198,859


Page 1

 
META RESEARCH LIMITED
REGISTERED NUMBER:02708219
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 profit and loss account 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: 




B W D Larkin
Director

Date: 23 December 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
META RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Meta Research Limited is a private company, limited by shares, registered in England and Wales, registration number 02708219. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of software development and consultancy.

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 Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

 
2.2

Interest income

Interest income is recognised in profit and loss account using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
META RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
META RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2023
15,551


Additions
2,139



At 31 March 2024

17,690



Depreciation


At 1 April 2023
14,038


Charge for the year
549



At 31 March 2024

14,587



Net book value



At 31 March 2024
3,103



At 31 March 2023
1,513


5.


Debtors

2024
2023
£
£


Other debtors
127,630
146,108

Prepayments
382
347

Tax recoverable
56,388
55,911

184,400
202,366



6.


Cash

2024
2023
£
£

Cash at bank
2,937
2,881


Page 5

 
META RESEARCH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
75
1,634

Corporation tax
477
-

Other taxation and social security
486
589

Accruals
5,200
5,300

6,238
7,523



8.


Deferred taxation




2024


£






At beginning of year
378


Charged to profit or loss
(378)



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed assets timing differences
774
378

Tax losses carried forward
(774)
-

-
378


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Transactions with directors

During the year, the directors repaid £19,888 to the company. At the year end, directors owed 127,630 (2023 - £145,414) to the company. These loans are unsecured, repayable on demand and interest has been charged at the official rate.
During the year, dividends of £1,010 (2023 - £2,020) was paid to the directors. 

 
Page 6