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REGISTERED NUMBER: 01464286 (England and Wales)















METALMARK INVESTMENTS LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2024






METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METALMARK INVESTMENTS LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: W P Leung





REGISTERED OFFICE: c/o Weightmans LLP
The Hallmark Building
105 Fenchurch Street
London
EC3M 5JG





REGISTERED NUMBER: 01464286 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,805 2,171
Investment property 5 1,000,000 1,000,000
1,001,805 1,002,171

CURRENT ASSETS
Debtors 6 15,456 39,917
Cash at bank 75,869 6,356
91,325 46,273
CREDITORS
Amounts falling due within one year 7 50,945 48,506
NET CURRENT ASSETS/(LIABILITIES) 40,380 (2,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,185

999,938

PROVISIONS FOR LIABILITIES 80,185 80,185
NET ASSETS 962,000 919,753

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 552,577 552,577
Retained earnings 409,323 367,076
SHAREHOLDERS' FUNDS 962,000 919,753

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

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

The director acknowledges his 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.

METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)

Balance Sheet - continued
31 July 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 director and authorised for issue on 25 April 2025 and were signed by:





W P Leung - Director


METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)

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

1. STATUTORY INFORMATION

Metalmark Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
Certain of the amounts included in the financial statements involve the use of judgement and/or estimation. These judgements and estimates are based on managements best knowledge of the relevant facts and circumstances, having regards to prior experience, but actual results may differ from the amounts included in the financial statements. Information about such judgements and estimation is contained in these accounting policies and/or the notes to the financial statements and the key area's are summarised below:

Valuation of investment property
The investment property has been valued on an open market basis by the director, W P Leung.

Depreciation
Depreciation rates are based on estimates of the useful lives and residual values of the assets involved.

Accruals
These are assessed at the year end and are based on known items or best estimates of costs relating to the period but not yet incurred, and based on supporting information.

Rental income
Rental income from investment property leased out is recognised in the accounts on a straight-line basis over the term of the lease.

Service charges
In the case of service contracts with third parties, service charges are recovered from tenants. Service charges in respect of vacant properties are expensed. These mainly relate to gas, electricity, water and cleaning.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.


METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)

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

2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 24,372
DEPRECIATION
At 1 August 2023 22,201
Charge for year 366
At 31 July 2024 22,567
NET BOOK VALUE
At 31 July 2024 1,805
At 31 July 2023 2,171

Cost or valuation at 31 July 2024 is represented by:

Plant and
machinery
etc
£   
Cost 24,372

METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,000,000
NET BOOK VALUE
At 31 July 2024 1,000,000
At 31 July 2023 1,000,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 1997 81,976
Valuation in 2017 521,428
Cost 396,596
1,000,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 396,596 396,596

Investment property was valued on an open market basis on 9 February 2022 by the director, W P Leung .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,650 24,773
Other debtors 5,806 15,144
15,456 39,917

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,815 4,077
Taxation and social security 31,275 13,760
Other creditors 17,855 30,669
50,945 48,506

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 552,577

METALMARK INVESTMENTS LIMITED (REGISTERED NUMBER: 01464286)

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

9. ULTIMATE CONTROLLING PARTY

During the current and previous year the ultimate controlling party was Sharestart Enterprise Limited due to its 100% shareholding in the company.