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REGISTERED NUMBER: OC354084 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MET RESOURCES LLP

MET RESOURCES LLP (REGISTERED NUMBER: OC354084)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MET RESOURCES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DESIGNATED MEMBERS: J Childs
Met Systems Services Limited





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh-on-Sea
Essex
SS9 2RZ





REGISTERED NUMBER: OC354084 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

MET RESOURCES LLP (REGISTERED NUMBER: OC354084)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 481,570 276,079
Cash at bank 1,789 581
483,359 276,660
CREDITORS
Amounts falling due within one year 5 360,956 170,252
NET CURRENT ASSETS 122,403 106,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,403

106,408

CREDITORS
Amounts falling due after more than one
year

6

14,786

21,667
NET ASSETS ATTRIBUTABLE TO
MEMBERS

107,617

84,741

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

107,617

84,741

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 107,617 84,741

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30th April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

MET RESOURCES LLP (REGISTERED NUMBER: OC354084)

BALANCE SHEET - continued
30TH APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29th January 2025 and were signed by:





J Childs - Designated member

MET RESOURCES LLP (REGISTERED NUMBER: OC354084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Met Resources LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 481,570 274,998
Other debtors - 1,081
481,570 276,079

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,272 10,000
Trade creditors 4,445 223
Taxation and social security 18,939 9,728
Other creditors 325,300 150,301
360,956 170,252

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,786 21,667

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up , loans and other debts due to members rank behind preferential and other debts.

8. RELATED PARTY DISCLOSURES

Included within debtors due less than one year is a balance owing from trading entities under the common control of one of the members of £481,570 (2023: £274,997)

Included within other creditors are accrued costs of £325,000 (2023:£150,000) for services provided by a trading entity under the common control of one the members