Company registration number 07450343 (England and Wales)
MET CAR PARKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
MET CAR PARKS LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
2,990,841
2,990,841
Current assets
80
80
Prepayments and accrued income
3,000
-
0
Creditors: amounts falling due within one year
(1,587,446)
(1,580,181)
Net current liabilities
(1,584,366)
(1,580,101)
Total assets less current liabilities
1,406,475
1,410,740
Net assets
1,406,475
1,410,740
Capital and reserves
1,406,475
1,410,740
Notes to the financial statements
1
Financial commitments, guarantees and contingencies

MET Car Parks Limited is a chargor in respect of the Coronavirus Business Interruption Loan (CBIL) and an other loan totalling £1,775,833 (2023: £1,305,203) held by its subsidary MET Parking Servcies Limited.

 

 

The CBIL loan has a fixed 5 year loan term with an interest rate of 8.3%. The other loan has a fixed 26 month term with an interest rate of 9% above base rate.

 

Both loans are secured by a fixed and floating charge over the assets of MET Parking Services Limited, MET Car Parks Limited and a related party, Hyde Parking Limited. The charge also includes a negative pledge.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
2
2

MET Car Parks Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cannon Place, 78 Cannon Street, London, EC4N 6AF.

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

MET CAR PARKS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 February 2025 and are signed on its behalf by:
Mr D Marks
Director
Company registration number 07450343 (England and Wales)
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