Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-311The principal activity of the company is buying and selling of bonds.true2023-02-01false1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06487219 2023-02-01 2024-01-31 06487219 2022-02-01 2023-01-31 06487219 2024-01-31 06487219 2023-01-31 06487219 c:Director3 2023-02-01 2024-01-31 06487219 d:CurrentFinancialInstruments 2024-01-31 06487219 d:CurrentFinancialInstruments 2023-01-31 06487219 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06487219 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06487219 d:ShareCapital 2024-01-31 06487219 d:ShareCapital 2023-01-31 06487219 d:OtherMiscellaneousReserve 2024-01-31 06487219 d:OtherMiscellaneousReserve 2023-01-31 06487219 d:RetainedEarningsAccumulatedLosses 2024-01-31 06487219 d:RetainedEarningsAccumulatedLosses 2023-01-31 06487219 c:FRS102 2023-02-01 2024-01-31 06487219 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06487219 c:FullAccounts 2023-02-01 2024-01-31 06487219 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06487219 6 2023-02-01 2024-01-31 06487219 e:USDollar 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06487219










METABAY IMPORT/EXPORT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
METABAY IMPORT/EXPORT LIMITED
REGISTERED NUMBER: 06487219

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
$
$

Fixed assets
  

Investments
 4 
380,591
378,717

  
380,591
378,717

Current assets
  

Debtors
  
-
912

Cash at bank and in hand
 5 
711,343
707,922

  
711,343
708,834

Creditors: amounts falling due within one year
 6 
(41,817)
(42,384)

Net current assets
  
 
 
669,526
 
 
666,450

Total assets less current liabilities
  
1,050,117
1,045,167

  

Net assets
  
1,050,117
1,045,167


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
  
18,774
35,871

Profit and loss account
  
1,031,341
1,009,294

  
1,050,117
1,045,167

Page 1

 
METABAY IMPORT/EXPORT LIMITED
REGISTERED NUMBER: 06487219
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 on 8 November 2024.




................................................
Yassine Assafi
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
METABAY IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Metabay Import/Export Limited is a private company limited by share capital, incorporated in England and Wales, registration number 06487219. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
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

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.

Page 3

 
METABAY IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Listed investments

$



Cost or valuation


At 1 February 2023
378,717


Revaluations
1,874



At 31 January 2024
380,591





5.


Cash and cash equivalents

2024
2023
$
$

Cash at bank and in hand
711,343
707,922

711,343
707,922



6.


Creditors: Amounts falling due within one year

2024
2023
$
$

Corporation tax
56
-

Other creditors
32,276
32,276

Accruals and deferred income
9,485
10,108

41,817
42,384


Page 4

 
METABAY IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Contingent liabilities

The company is currently involved in a litigation case, the outcome of which is currently unknown.


8.


Related party transactions

At the balance sheet date amounts owed to the shareholders were $32,276 (2023: $32,276). The loan is    interest free, unsecured and repayble on demand.

Page 5