2023-07-012024-06-302024-06-30false01683601METELLIT LIMITED2025-03-0690030falseiso4217:GBPxbrli:pure016836012023-07-01016836012024-06-30016836012023-07-012024-06-30016836012022-06-29016836012023-06-30016836012022-06-292023-06-3001683601bus:SmallEntities2023-07-012024-06-3001683601bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3001683601bus:FullAccounts2023-07-012024-06-3001683601bus:PrivateLimitedCompanyLtd2023-07-012024-06-3001683601core:WithinOneYear2024-06-3001683601core:AfterOneYear2024-06-3001683601core:WithinOneYear2023-06-3001683601core:AfterOneYear2023-06-3001683601core:ShareCapital2024-06-3001683601core:SharePremium2024-06-3001683601core:RevaluationReserve2024-06-3001683601core:OtherReservesSubtotal2024-06-3001683601core:RetainedEarningsAccumulatedLosses2024-06-3001683601core:ShareCapital2023-06-3001683601core:SharePremium2023-06-3001683601core:RevaluationReserve2023-06-3001683601core:OtherReservesSubtotal2023-06-3001683601core:RetainedEarningsAccumulatedLosses2023-06-3001683601core:LandBuildings2024-06-3001683601core:PlantMachinery2024-06-3001683601core:Vehicles2024-06-3001683601core:FurnitureFittings2024-06-3001683601core:OfficeEquipment2024-06-3001683601core:NetGoodwill2024-06-3001683601core:IntangibleAssetsOtherThanGoodwill2024-06-3001683601core:ListedExchangeTraded2024-06-3001683601core:UnlistedNon-exchangeTraded2024-06-3001683601core:LandBuildings2023-06-3001683601core:PlantMachinery2023-06-3001683601core:Vehicles2023-06-3001683601core:FurnitureFittings2023-06-3001683601core:OfficeEquipment2023-06-3001683601core:NetGoodwill2023-06-3001683601core:IntangibleAssetsOtherThanGoodwill2023-06-3001683601core:ListedExchangeTraded2023-06-3001683601core:UnlistedNon-exchangeTraded2023-06-3001683601core:LandBuildings2023-07-012024-06-3001683601core:PlantMachinery2023-07-012024-06-3001683601core:Vehicles2023-07-012024-06-3001683601core:FurnitureFittings2023-07-012024-06-3001683601core:OfficeEquipment2023-07-012024-06-3001683601core:NetGoodwill2023-07-012024-06-3001683601core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3001683601core:ListedExchangeTraded2023-07-012024-06-3001683601core:UnlistedNon-exchangeTraded2023-07-012024-06-3001683601core:MoreThanFiveYears2023-07-012024-06-3001683601core:Non-currentFinancialInstruments2024-06-3001683601core:Non-currentFinancialInstruments2023-06-3001683601dpl:CostSales2023-07-012024-06-3001683601dpl:DistributionCosts2023-07-012024-06-3001683601core:LandBuildings2023-07-012024-06-3001683601core:PlantMachinery2023-07-012024-06-3001683601core:Vehicles2023-07-012024-06-3001683601core:FurnitureFittings2023-07-012024-06-3001683601core:OfficeEquipment2023-07-012024-06-3001683601dpl:AdministrativeExpenses2023-07-012024-06-3001683601core:NetGoodwill2023-07-012024-06-3001683601core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3001683601dpl:GroupUndertakings2023-07-012024-06-3001683601dpl:ParticipatingInterests2023-07-012024-06-3001683601dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3001683601core:ListedExchangeTraded2023-07-012024-06-3001683601dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3001683601core:UnlistedNon-exchangeTraded2023-07-012024-06-3001683601dpl:CostSales2022-06-292023-06-3001683601dpl:DistributionCosts2022-06-292023-06-3001683601core:LandBuildings2022-06-292023-06-3001683601core:PlantMachinery2022-06-292023-06-3001683601core:Vehicles2022-06-292023-06-3001683601core:FurnitureFittings2022-06-292023-06-3001683601core:OfficeEquipment2022-06-292023-06-3001683601dpl:AdministrativeExpenses2022-06-292023-06-3001683601core:NetGoodwill2022-06-292023-06-3001683601core:IntangibleAssetsOtherThanGoodwill2022-06-292023-06-3001683601dpl:GroupUndertakings2022-06-292023-06-3001683601dpl:ParticipatingInterests2022-06-292023-06-3001683601dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-292023-06-3001683601core:ListedExchangeTraded2022-06-292023-06-3001683601dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-292023-06-3001683601core:UnlistedNon-exchangeTraded2022-06-292023-06-3001683601core:NetGoodwill2024-06-3001683601core:IntangibleAssetsOtherThanGoodwill2024-06-3001683601core:LandBuildings2024-06-3001683601core:PlantMachinery2024-06-3001683601core:Vehicles2024-06-3001683601core:FurnitureFittings2024-06-3001683601core:OfficeEquipment2024-06-3001683601core:AfterOneYear2024-06-3001683601core:WithinOneYear2024-06-3001683601core:ListedExchangeTraded2024-06-3001683601core:UnlistedNon-exchangeTraded2024-06-3001683601core:ShareCapital2024-06-3001683601core:SharePremium2024-06-3001683601core:RevaluationReserve2024-06-3001683601core:OtherReservesSubtotal2024-06-3001683601core:RetainedEarningsAccumulatedLosses2024-06-3001683601core:NetGoodwill2023-06-3001683601core:IntangibleAssetsOtherThanGoodwill2023-06-3001683601core:LandBuildings2023-06-3001683601core:PlantMachinery2023-06-3001683601core:Vehicles2023-06-3001683601core:FurnitureFittings2023-06-3001683601core:OfficeEquipment2023-06-3001683601core:AfterOneYear2023-06-3001683601core:WithinOneYear2023-06-3001683601core:ListedExchangeTraded2023-06-3001683601core:UnlistedNon-exchangeTraded2023-06-3001683601core:ShareCapital2023-06-3001683601core:SharePremium2023-06-3001683601core:RevaluationReserve2023-06-3001683601core:OtherReservesSubtotal2023-06-3001683601core:RetainedEarningsAccumulatedLosses2023-06-3001683601core:NetGoodwill2022-06-2901683601core:IntangibleAssetsOtherThanGoodwill2022-06-2901683601core:LandBuildings2022-06-2901683601core:PlantMachinery2022-06-2901683601core:Vehicles2022-06-2901683601core:FurnitureFittings2022-06-2901683601core:OfficeEquipment2022-06-2901683601core:AfterOneYear2022-06-2901683601core:WithinOneYear2022-06-2901683601core:ListedExchangeTraded2022-06-2901683601core:UnlistedNon-exchangeTraded2022-06-2901683601core:ShareCapital2022-06-2901683601core:SharePremium2022-06-2901683601core:RevaluationReserve2022-06-2901683601core:OtherReservesSubtotal2022-06-2901683601core:RetainedEarningsAccumulatedLosses2022-06-2901683601core:AfterOneYear2023-07-012024-06-3001683601core:WithinOneYear2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3001683601core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3001683601core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3001683601core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3001683601core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3001683601core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3001683601bus:Director12023-07-012024-06-3001683601core:FurnitureFittingsToolsEquipment2023-06-3001683601core:FurnitureFittingsToolsEquipment2024-06-3001683601core:FurnitureFittingsToolsEquipment2023-07-012024-06-30

METELLIT LIMITED

Registered Number
01683601
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

METELLIT LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Molly Cormie O'Shea

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

01683601 (England and Wales)
METELLIT LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3941,324941,557
941,324941,557
Current assets
Debtors453418,526
Cash at bank and on hand53,3739,913
53,90728,439
Creditors amounts falling due within one year5(12,462)(1,833)
Net current assets (liabilities)41,44526,606
Total assets less current liabilities982,769968,163
Provisions for liabilities6(203,862)(203,862)
Net assets778,907764,301
Capital and reserves
Called up share capital100100
Other reserves611,587611,587
Profit and loss account167,220152,614
Shareholders' funds778,907764,301
The financial statements were approved and authorised for issue by the Director on 6 March 2025, and are signed on its behalf by:
Molly Cormie O'Shea
Director
Registered Company No. 01683601
METELLIT LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
Metellit Limited is a private company limited by shares and incorporated in England and Wales (Registered number: 01683601). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal activity of the company remains that of managing an investment property.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings15
Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Trade and other 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.
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.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 July 23940,000142,4011,082,401
At 30 June 24940,000142,4011,082,401
Depreciation and impairment
At 01 July 23-140,844140,844
Charge for year-233233
At 30 June 24-141,077141,077
Net book value
At 30 June 24940,0001,324941,324
At 30 June 23940,0001,557941,557
4.Debtors: amounts due within one year

2024

2023

££
Other debtors53415,791
Prepayments and accrued income-2,735
Total53418,526
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,59933
Other creditors3,889-
Accrued liabilities and deferred income4,9741,800
Total12,4621,833
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)203,862203,862
Total203,862203,862
7.Related party transactions
Other creditors includes £3,888 (2023: £15,792 owed from) owed to the director.
8.Further information regarding the company's financial position
Other reserves includes an increase in the fair value of an investment property. The figure is stated net of the associated deferred tax liability. This reserve is non-distributable.