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REGISTERED NUMBER: 05827538 (England and Wales)
















































Financial Statements

for the Year Ended 31 May 2024

for

New Metropolis Limited

New Metropolis Limited (Registered number: 05827538)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Metropolis Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J M Elmes
Mrs A Elmes





SECRETARY: Mrs A Elmes





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 05827538 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

New Metropolis Limited (Registered number: 05827538)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 362 455
Investment property 5 920,000 920,000
920,362 920,455

CURRENT ASSETS
Debtors 6 60 305
Cash at bank 6,915 2,110
6,975 2,415
CREDITORS
Amounts falling due within one year 7 404,530 386,240
NET CURRENT LIABILITIES (397,555 ) (383,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,807

536,630

CREDITORS
Amounts falling due after more than one
year

8

2,600

5,000
NET ASSETS 520,207 531,630

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 434,402 434,402
Retained earnings 85,705 97,128
SHAREHOLDERS' FUNDS 520,207 531,630

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

New Metropolis Limited (Registered number: 05827538)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




J M Elmes - Director



Mrs A Elmes - Director


New Metropolis Limited (Registered number: 05827538)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

New Metropolis Limited 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 etc - 25% on reducing balance and 15% on reducing balance

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

New Metropolis Limited (Registered number: 05827538)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 5,135
DEPRECIATION
At 1 June 2023 4,680
Charge for year 93
At 31 May 2024 4,773
NET BOOK VALUE
At 31 May 2024 362
At 31 May 2023 455

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 920,000
NET BOOK VALUE
At 31 May 2024 920,000
At 31 May 2023 920,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 920,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 60 305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 404,530 386,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 2,600 5,000

New Metropolis Limited (Registered number: 05827538)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 434,402